| Fri 1 Oct 2010, 14:00 | | OML - Old Mutual Plc - Interim dividend for the six months ended 30 June 2010 |
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OML
OLOML
OML - Old Mutual Plc - Interim dividend for the six months ended 30 June 2010
(NO. 20) currency conversions and scrip calculation prices
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
INTERIM DIVIDEND FOR THE SIX MONTHS ENDED 30 JUNE 2010 (NO. 20) CURRENCY
CONVERSIONS AND SCRIP CALCULATION PRICES
In its interim results announcement for the six months ended 30 June 2010
published on 6 August 2010, Old Mutual plc (the "Company") announced an interim
dividend of 1.1p per share or its equivalent in other currencies of payment
using exchange rates prevailing on 30 September 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
cash 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 (SEK). 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 interim dividend have now been established and
are as follows:
South 12.08 South African cents per share
Africa
Malawi 2.61 Malawi kwachas per share
Namibia 12.08 Namibian cents per share
Zimbabwe 1.73 US cents per share
Sweden 0.117 Swedish kronor per share
The record date for this dividend payment is the close of business on 15 October
2010 for all the Exchanges where the Company`s shares are listed. The last day
to trade cum-dividend will be 8 October 2010 on the JSE and on the Malawi,
Namibian and Zimbabwe Stock Exchanges and 12 October 2010 for the London Stock
Exchange. The shares will trade ex-dividend from the opening of business on 11
October 2010 on the JSE and on the Malawi, Namibian and Zimbabwe Stock Exchanges
and from the opening of business on 13 October 2010 on the London Stock
Exchange.
The Scrip Calculation Prices under the scrip dividend alternative for the
interim dividend have also now been calculated for shares on each of the
Company`s respective share registers and are as follows:
UK (principal 138.22 Pence (Sterling)
register)
South Africa 15.265 South African Rand
Malawi 328.27 Malawi kwachas
Namibia 15.265 Namibian dollars
Zimbabwe 2.174 US dollars
By way of illustration of the above, someone who holds 500 shares on the South
African branch register and who elects to receive the scrip dividend alternative
would be entitled to 500 x R0.1208 / 15.265 = 3.9568 new Old Mutual plc shares
(which would be rounded up to 4 shares after taking into account the applicable
rounding conventions).
The scrip ratio on the South African register is therefore 0.79135 (to 5 decimal
places) new Old Mutual plc ordinary shares for every 100 Old Mutual plc shares
held as at the record date.
Further details of the scrip dividend alternative are contained in the booklet
that was sent to the Company`s shareholders in September 2010. 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 11 October and 15 October 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
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.
1 October 2010
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 01/10/2010 14:00:01 Produced by the JSE SENS Department.
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