| Thu 22 Mar 2012, 7:05 | | OML - Old Mutual Plc - Completion of sale of Old Mutual`s Nordic business |
|
OML
OLOML
OML - Old Mutual Plc - Completion of sale of Old Mutual`s Nordic business
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Ref 24/12
21 March 2012
Completion of sale of Old Mutual`s Nordic business
Old Mutual plc is pleased to announce that it has today completed the sale of
its Nordic business to Skandia Liv for a net cash consideration of SEK22.4
billion (GBP2.1 billion). Payment of the special dividend of 18p per share (or
its equivalent in other applicable currencies) is now unconditional and will be
made on 7 June 2012 to shareholders on the register at the close of business on
20 April 2012.
Julian Roberts, Group Chief Executive of Old Mutual, said: "I am delighted that
we have completed this transaction, which creates value for both our
shareholders and for Skandia Liv`s policyholders."
The full timetable for payment of the special dividend, for the announcement of
the exchange rates for conversion of the special dividend into other applicable
currencies, for the consolidation of the Company`s shares and for the dates the
Company`s shares will trade ex-dividend on the various exchanges where they are
listed was announced with our preliminary results for the year ended 31 December
2011 on 9 March 2012 and can be found at http://www.oldmutual.com/ir/index.jsp.
Enquiries
External Communications / Investor Relations
Patrick Bowes +44 (0)20 7002 7440
Kelly de Kock +27 (0)21 509 8709
Media
William Baldwin-Charles +44 (0)20 7002 7133
Sponsor:
Merrill Lynch SA (Pty) Limited
Notes to Editors
Old Mutual
Old Mutual 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 is listed on the
London and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2011, the Group reported adjusted operating profit
before tax of GBP1.5 billion (on an IFRS basis) and had GBP267 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: 22/03/2012 07:05:09 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
