| Thu 6 May 2010, 17:10 | | OML - Old Mutual plc - Final Dividend for the year ended 31 December 2009 (No. |
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OML
OLOML
OML - Old Mutual plc - Final Dividend for the year ended 31 December 2009 (No.
19) - Currency Conversions and Scrip Calculation Prices
OLD MUTUAL plc
Issuer code: OLOML
JSE Share code: OML
NSX share code: OLM
ISIN: GB0007389926
Ref 37A/10
6 May 2010
Final Dividend for the year ended 31 December 2009 (No. 19)
Currency Conversions and Scrip Calculation Prices
In the preliminary announcement by Old Mutual plc (the "Company") of its
results for the year ended 31 December 2009 published on 11 March 2010, the
Company announced a recommended final dividend of 1.5p per share or its
equivalent in other currencies of payment using exchange rates prevailing on 5
May 2010. The Company also announced that shareholders on the South African,
Zimbabwe and Malawi branch registers and the Namibian section of the principal
register would be paid the local currency equivalents of the dividend under
dividend access trust arrangements established in each country and those
shareholders who held their shares through Euroclear (Sweden) AB, the Swedish
nominee, would be paid the equivalent of the dividend in Swedish kronor. In
the case of Zimbabwe, the local currency equivalent would be denominated in US
dollars as one of the currencies now in use in that country.
The currency equivalents of the proposed dividend have now been established
and are as follows:
South 17.32 South African cents per share
Africa
Malawi 3.42 Malawi kwachas per share
Namibia 17.32 Namibian cents per share
Zimbabwe 2.27 US cents per share
Sweden 0.17 Swedish kronor per share
Subject to being approved by shareholders at the Annual General Meeting on 13
May 2010, the final dividend will be paid on 25 June 2010 or in the case of
Sweden (where 25 June 2010 is a public holiday) on 28 June 2010.
The record date for this dividend payment is the close of business on 14 May
2010 for all the Exchanges where the Company`s shares are listed. The last day
to trade cum-dividend will be 7 May 2010 on the JSE and on the Malawi,
Namibian and Zimbabwe Stock Exchanges and 11 May 2010 for the London Stock
Exchange. The shares will trade ex-dividend from the opening of business on
10 May 2010 on the JSE and on the Malawi, Namibian and Zimbabwe Stock
Exchanges and from the opening of business on 12 May 2010 on the London Stock
Exchange.
The Scrip Calculation Prices under the scrip dividend alternative for the
proposed dividend have also now been calculated for shares on each of the
Company`s respective share registers and are as follows:
UK (principal 113.38 Pence (Sterling)
register)
South Africa 12.9848 South African Rand
Malawi 256.54 Malawi kwachas
Namibia 12.9848 Namibian dollars
Zimbabwe 1.63128 US dollars
By way of illustration of the above, someone who holds 300 shares on the South
African branch register and who elects to receive the scrip dividend
alternative would be entitled to 300 x 0.1732 / 12.9848 = 4.00160 new Old
Mutual plc shares (which would be rounded down to 4 shares after taking into
account the applicable rounding conventions).
Further details of the scrip dividend alternative are contained in the booklet
dated 11 March 2010 that was sent to shareholders along with the Company`s
Annual Report and Accounts or Annual Review and Summary Financial Statements
at the beginning of April. The booklet and a scrip dividend election form are
also available on the Company`s website at www.oldmutual.com
Share certificates may not be dematerialised or rematerialised on the South
African branch register between 5 and 14 May 2010, both dates inclusive, and
transfers between the registers may not take place during that period.
For further information on Old Mutual plc, please visit the Company`s website
at www.oldmutual.com
Enquiries
Investor Relations
Patrick Bowes UK +44 (0)20 7002 7440
Deward Serfontein SA +27 (0)82 810 5672
Media
Don Hunter (Finsbury) UK +44 (0)20 7251 3801
Sponsor
Merrill Lynch South Africa (Pty) Limited
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: 06/05/2010 17:10:03 Produced by the JSE SENS Department.
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