OLD MUTUAL LIMITED - Dividend Currency Equivalents and SARB Approval for Special Dividend

Release Date: 11/09/2018 11:00
Code(s): OMU
 
Wrap Text
Dividend Currency Equivalents and SARB Approval for Special Dividend

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
JSE Share Code: OMU
NSX Share Code: OMM
("Old Mutual")



Ref 43/18
LEI: 213800MON84ZWWPQCN47
11 September 2018



     DIVIDEND CURRENCY EQUIVALENTS AND SARB APPROVAL FOR SPECIAL DIVIDEND



Shareholders are referred to Old Mutual’s Interim Results announcement dated 31
August 2018, wherein the company declared an interim dividend of 45 cents per
share and a special dividend of 100 cents per share, which will be paid on 16
October 2018.


Shareholders on the London, Malawian, Namibian and Zimbabwean registers will be
paid in the local currency equivalents of the interim and special dividends. In
Malawi, Namibia and Zimbabwe these payments will be made through dividend access
trust or similar arrangements established in each country.


The local currency equivalents of the Interim and Special dividend have now been
established as follows:


Malawi               69.05           Malawi kwacha per share
Namibia              145             Namibian cents per share
United Kingdom       7.27            GBP pence per share
Zimbabwe             9.49            US cents per share



These local currency equivalents have been calculated using the following
exchange rates:


Malawi              47.6190       Malawian kwacha per Rand
Namibia             1.0000        Namibian dollars per Rand
United Kingdom      19.9449       Rand per Pound sterling
Zimbabwe            15.2810       Rand per US dollar
The timetable pertaining to the Interim and Special dividend is as follows:


Transfers suspended between registers          Close of business on Monday,
                                               10 September 2018
Finalisation announcement and exchange rates   Tuesday, 11 September 2018
announced
Last   day  to  trade  cum   dividend  for     Tuesday, 18 September 2018
shareholders on the South African Register
and Malawi, Namibia and Zimbabwe branch
registers
Ex-dividend date for shareholders on the       Wednesday, 19 September 2018
South African Register and Malawi, Namibia
and Zimbabwe branch registers
Last   day  to   trade   cum  dividend   for   Wednesday, 19 September 2018
shareholders on the UK register
Ex-dividend date for shareholders on the UK    Thursday, 20 September 2018
register
Record date (all registers)                    Close of business on Friday,
                                               21 September 2018
Transfers between registers restart            Opening of business on Tuesday,
                                               25 September 2018
Interim and Special Dividend payment date      Tuesday, 16 October 2018


Furthermore, Old Mutual hereby confirms that the exchange control approval for
the payment of a special dividend, has now been obtained from the South African
Reserve Bank. The payment of the special dividend is therefore unconditional
and will be paid in terms of the timetable set out in the aforementioned SENS
announcement.


JSE Sponsor:           Merrill Lynch South Africa (Pty) Limited
Namibian Sponsor: PSG Wealth Management (Namibia) (Proprietary) Limited


Enquiries

Investor Relations
Patrick Bowes (Interim Head of Investor Relations)    T: +44 (0)20 7002 7440
                                               E: Patrick.bowes@omg.co.uk
Communications:
Tabby Tsengiwe                                 T: +27 (11) 217 1953
                                               M: +27 (0)60 547 4947
                                               E: ttsengiwe@oldmutual.com
Notes to Editors


About Old Mutual Limited


Old Mutual is a premium African financial services group that offers a broad
spectrum of financial solutions to retail and corporate customers across key
markets segments in 17 countries. Old Mutual's primary operations are in South
Africa and the Rest of Africa, and it has niche businesses in Latin America and
Asia. With over 170 years of heritage across sub-Saharan Africa, we are a crucial
part of the communities we serve and broader society on the continent.


For further information on Old Mutual, and its underlying businesses, please
visit the corporate website at www.oldmutual.com.

Date: 11/09/2018 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story