| Wed 24 Mar 2010, 17:00 | | OML - Old Mutual Plc - Old Mutual confirms scrip dividend alternative for |
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OML
OLOML
OML - Old Mutual Plc - Old Mutual confirms scrip dividend alternative for
dividend No. 19
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Old Mutual confirms scrip dividend alternative for dividend No. 19
Further to the announcement by Old Mutual plc (the "Company") on 11 March
2010 that its board was recommending a final dividend of 1.5p (or its
equivalent in other applicable currencies) for the year ended 31 December
2009, the Company confirms that, subject to approval at its Annual General
Meeting on 13 May 2010, a scrip dividend alternative will be available for
eligible shareholders who wish to receive additional shares in the Company in
lieu of a cash dividend.
The timetable for the final dividend, including the scrip-related elements,
is set out below.
Scrip calculation price determined Last five dealing days on
each exchange ending on 5 May
2010
Currency conversion date 5 May 2010
Exchange rates, scrip calculation price and 6 May 2010
ratio announced
Last day to trade cum dividend for 7 May 2010
shareholders on the branch registers in South
Africa, Malawi and Zimbabwe and on the
Namibian section of the principal register
Trading suspended between registers Start of business on 10 May
2010
Ex-dividend date for shareholders on the 10 May 2010
branch registers in South Africa, Malawi and
Zimbabwe and on the Namibian section of the
principal register
Last day to trade cum dividend for 11 May 2010
shareholders on the UK register
Ex-dividend date for shareholders on the UK 12 May 2010
register
Annual General Meeting 11.00 a.m. on 13 May 2010
Results of Annual General Meeting announced 13 May 2010
Record date 14 May 2010
Offer closes for Shareholders on the branch 12.00 noon (local time) on 14
registers in South Africa, Malawi and Zimbabwe May 2010
and on the Namibian section of the principal
register
Trading between registers recommences Start of business on 17 May
2010
Offer closes for shareholders on the UK 12.00 noon (local time) on 1
register June 2010
Final dividend payment date - new ordinary 25 June 2010
shares issued
First day of dealings in new ordinary shares 25 June 2010
issued in respect of the final dividend
Shareholders who elect to receive the scrip dividend alternative should note
that they will not be able to trade their entitlement to new ordinary shares
between 10 May and 24 June 2010 inclusive.
Share certificates for shareholders on the South African register may not be
dematerialised or rematerialised between 10 May 2010 and 14 May 2010, both
days inclusive and transfers between the registers may not take place during
that period.
Further details of the proposed scrip dividend alternative will be sent to
shareholders along with the Annual Report mailing in early April.
For further information on Old Mutual plc, please visit our corporate website
at www.oldmutual.com
24 March 2010
Sponsor: Merrill Lynch South Africa (Pty) Limited
Enquiries
Investor Relations
Patrick Bowes UK +44 (0)20 7002 7440
Deward Serfontein SA +27 (0)82 810 5672
Media
Matthew Gregorowski UK / SA +44 (0)20 7002 7133
+44 (0)7748 183 834
Don Hunter (Finsbury) UK +44 (0)20 7251 3801
Notes to Editors
Old Mutual
Old Mutual plc is an international long-term savings, protection and
investment Group. Originating in South Africa in 1845, the Group provides
life assurance, asset management, banking and general insurance in Europe,
the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock
Exchange and the JSE, among others.
In the year ended 31 December 2009, the Group reported adjusted operating
profit before tax of GBP1.2 billion (on an IFRS basis) and had GBP285 billion
of funds under management at the year end. The Group has approximately
54,000 employees.
Date: 24/03/2010 17:00:01 Produced by the JSE SENS Department.
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