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OML - Old Mutual Plc - Interim dividend for the six months ended 30 June
2011 (No. 22) currency conversions and scrip calculation prices
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
OLD MUTUAL PLC
Interim Dividend for the six months ended 30 June 2011 (No. 22)
Currency Conversions and Scrip Calculation Prices
In its interim results announcement for the six months ended 30 June 2011
published on 5 August 2011, Old Mutual plc (the "Company") announced an
interim dividend of 1.5p per share or its equivalent in other currencies
of payment using exchange rates prevailing on 29 September 2011. 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. In the case of Zimbabwe, the local currency
equivalent would be denominated in US dollars.
The currency equivalents of the interim dividend have now been
established and are as follows:
South Africa 18.67 South African cents per share
Malawi 3.86 Malawi kwachas per share
Namibia 18.67 Namibian cents per share
Zimbabwe 2.35 US cents per share
Sweden 0.16 Swedish Kronor per share
The record date for this dividend payment is the close of business on 14
October 2011 for all the Exchanges where the Company`s shares are listed.
The last day to trade cum-dividend will be 5 October 2011 on the Malawi
Stock Exchange, 7 October 2011 on the JSE and on the Namibian and
Zimbabwe Stock Exchanges and 11 October 2011 for the London Stock
Exchange. The shares will trade ex-dividend from the opening of business
on 6 October 2011 on the Malawi Stock Exchange, from the opening of
business on 10 October 2011 on the JSE and on the Namibian and Zimbabwe
Stock Exchanges and from the opening of business on 12 October 2011 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 register) 106.72 pence (Sterling)
South Africa 13.193 South African Rand
Malawi 274.96 Malawi kwachas
Namibia 13.193 Namibian dollars
Zimbabwe 1.668 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 R0.1867 / 13.193= 7.07572
new Old Mutual plc shares (which would be rounded down to 7 shares after
taking into account the applicable rounding conventions).
The scrip ratio on the South African register is therefore 1.41514 (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 dividend scheme booklet, together with the related mandate forms,
which are available on the Company`s website at www.oldmutual.com and
from the Company`s share registrars. The deadlines for elections to be
received, in order to be valid for this interim dividend, are 12 noon on
14 October 2011 for shareholders on the branch registers in South Africa,
Malawi and Zimbabwe and on the Namibian section of the principal register
and 12 noon on 1 November 2011 for shareholders on the UK register.
Share certificates may not be dematerialised or rematerialised on the
South African branch register between 10 October and 14 October 2011,
both dates inclusive, and transfers between the registers may not take
place during that period.
Ref 142/11
30 September 2011
Sponsor:
Merrill Lynch SA (Pty) Limited
Enquiries
External Communications
Patrick Bowes +44 (0)20 7002 7440
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 more than 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
Date: 30/09/2011 12:05:01 Produced by the JSE SENS Department.
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