| Tue 8 Mar 2011, 9:11 | | OML - Old Mutual PLC - Final Dividend for the year ended 31 December 2010 |
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OML
OLOML
OML - Old Mutual PLC - Final Dividend for the year ended 31 December 2010
(No. 21)
OLD MUTUAL PLC
ISIN: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Final Dividend for the year ended 31 December 2010 (No. 21)
The Directors of Old Mutual plc are recommending a final dividend for the year
ended 31 December 2010 of 2.9p per share, which will be paid, subject to being
approved by shareholders at the Company`s 2011 Annual General Meeting, on 31 May
2011.
Shareholders on the South African, Zimbabwe and Malawi branch registers and the
Namibian section of the principal register will be paid the local currency cash
equivalents of the dividend under dividend access trust arrangements established
in each country. Shareholders who hold their shares through Euroclear Sweden AB,
the Swedish nominee, will be paid the cash equivalent of the dividend in Swedish
Kronor (SEK). Local currency cash equivalents of the dividend for all five
territories will be determined by the Company using exchange rates prevailing at
the close of business on 31 March 2011 and will be announced by the Company on 1
April 2011.
A scrip dividend alternative will again be available for eligible shareholders
who wish to receive new ordinary shares in the Company in lieu of cash in
respect of the final dividend. The dates by which elections to join the scrip
dividend scheme for the final dividend must be received from shareholders who
have not already made an evergreen election to participate in the scheme are set
out in the table below. Shareholders should note that they will not be able to
trade their entitlement to new ordinary shares issued pursuant to the scrip
dividend scheme until 31 May 2011. The full terms of the scrip dividend scheme
are contained in a booklet which is available (along with related mandate forms)
on the Company`s website at www.oldmutual.com or from the Company`s registrars.
Share certificates for shareholders on the South African branch register may not
be dematerialised or rematerialised between 11 and 15 April 2011, both dates
inclusive, and transfers between the registers may not take place during that
period.
The full timetable for the final dividend is as follows:
Declaration date 8 March 2011
Scrip calculation price determined Last five dealing days on each
exchange ending on 31 March 2011
Currency conversion date 31 March 2011
Exchange rates, scrip calculation price and 1 April 2011
ratio announced
Last day to trade cum dividend for 8 April 2011
shareholders on the branch registers in
South Africa, Malawi and Zimbabwe and on the
Namibian section of the principal register
Trading suspended between registers opening of business on 11 April
2011
Ex-dividend date for shareholders on the 11 April 2011
branch registers in South Africa, Malawi and
Zimbabwe and on the Namibian section of the
principal register
Last day to trade cum-dividend for 12 April 2011
shareholders on the UK register
Ex-dividend date for shareholders on 13 April 2011
the UK register
Scrip dividend alternative offer closes 12 noon on 15 April 2011
for shareholders on the branch
registers in South Africa, Malawi and
Zimbabwe and on the Namibian section of
the principal register
Record date Close of business on 15
April 2011
Trading between registers recommences Opening of business on
18 April 2011
Scrip dividend alternative offer closes 12 noon on 3 May 2011
for shareholders on the UK register
Annual General Meeting 12 May 2011
Final dividend payment date and new 31 May 2011
ordinary shares issued under the scrip
dividend alternative
First day of dealings in new ordinary 31 May 2011
shares issued in respect of the scrip
dividend alternative
Enquiries
External Communications
Patrick Bowes +44 (0)20 7002 7440
Investor Relations
Deward Serfontein SA +27 (0)82 810 5672
Aleida White UK +44 (0)20 7002 7287
Media
William Baldwin-Charles +44 (0)20 7002 7133
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 to 15 million customers in
Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London
Stock Exchange and the Johannesburg Stock Exchange, among others.
In the year ended 31 December 2010, the Group reported adjusted operating profit
before tax of GBP1.5 billion (on an IFRS basis) and had GBP309 billion of funds
under management, from core operations.
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
8 March 2011
Sponsor:
Merrill Lynch SA (Pty) Limited
Date: 08/03/2011 09:11:15 Produced by the JSE SENS Department.
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