| Fri 1 Apr 2011, 11:55 | | 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 CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
OLD MUTUAL PLC
1 April 2011
Final Dividend for the year ended 31 December 2010 (No. 21)
Currency Conversions and Scrip Calculation Prices
In its preliminary results announcement for the year ended 31 December 2010
published on 8 March 2011, Old Mutual plc (the "Company") announced a
recommended final dividend of 2.9p per share or its equivalent in other
currencies of payment using exchange rates prevailing on 31 March 2011. The
Company also announced that, subject to approval of the dividend at the
Company`s Annual General Meeting on 12 May 2011, 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. In the case of Zimbabwe, the local currency equivalent would be
denominated in US dollars.
The currency equivalents of the recommended final dividend have now been
established and are as follows:
South Africa 31.51 South African cents per share
Malawi 7.02 Malawi kwachas per share
Namibia 31.51 Namibian cents per share
Zimbabwe 4.65 US cents per share
Sweden 0.294 Swedish Kronor per share
The record date for this dividend payment is the close of business on 15
April 2011 for all the Exchanges where the Company`s shares are listed. The
last day to trade cum-dividend will be 8 April 2011 on the JSE and on the
Malawi, Namibian and Zimbabwe Stock Exchanges and 12 April 2011 for the
London Stock Exchange. The shares will trade ex-dividend from the opening of
business on 11 April 2011 on the JSE and on the Malawi, Namibian and Zimbabwe
Stock Exchanges and from the opening of business on 13 April 2011 on the
London Stock Exchange.
The Scrip Calculation Prices under the scrip dividend alternative for the
recommended final dividend have also now been calculated for shares on each
of the Company`s respective share registers and are as follows:
UK (principal register) 132.34 pence (Sterling)
South Africa 14.557 South African Rand
Malawi 320.16 Malawi kwachas
Namibia 14.557 Namibian dollars
Zimbabwe 2.124 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 R0.3151 / 14.557= 10.82297 new Old
Mutual plc shares (which would be rounded up to 11 shares after taking into
account the applicable rounding conventions).
The scrip ratio on the South African register is therefore 2.16459 (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 scrip
scheme booklet, together with the scrip dividend election forms, which are
available on the Company`s website at www.oldmutual.com and from the
Company`s share registrars.
Share certificates may not be dematerialised or rematerialised on the South
African branch register between 11 and 15 April 2011, both dates inclusive,
and transfers between the registers may not take place during that period.
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- +44 (0)20 7002
Charles 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, at the year end. For
further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Sponsor:
Merrill Lynch SA (Pty) Limited
Date: 01/04/2011 11:55:02 Produced by the JSE SENS Department.
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