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Old Mutual Limited  -  OMU   

Dividend Currency Equivalents

Released 10:00 11-Sep-2018

RNS Number : 3942A
Old Mutual Limited
11 September 2018
 

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

JSE Share Code: OMU

NSX Share Code: OMM

("Old Mutual")

 

 

Ref 43/18

LEI: 213800MON84ZWWPQCN47

11 September 2018

 

 

DIVIDEND CURRENCY EQUIVALENTS AND SARB APPROVAL FOR SPECIAL DIVIDEND

 

Shareholders are referred to Old Mutual's Interim Results announcement dated 31 August 2018, wherein the company declared an interim dividend of 45 cents per share and a special dividend of 100 cents per share, which will be paid on 16 October 2018.

 

Shareholders on the London, Malawian, Namibian and Zimbabwean registers will be paid in the local currency equivalents of the interim and special dividends.  In Malawi, Namibia and Zimbabwe these payments will be made through dividend access trust or similar arrangements established in each country.   

 

The local currency equivalents of the Interim and Special dividend have now been established as follows:

 

Malawi

69.05

Malawi kwacha per share

Namibia

145

Namibian cents per share

United Kingdom

7.27

GBP pence per share

Zimbabwe

9.49

US cents per share

 

 

 

 

These local currency equivalents have been calculated using the following exchange rates:

 

Malawi                    47.6190     Malawian kwacha per Rand

Namibia                  1.0000       Namibian dollars per Rand

United Kingdom    19.9449      Rand per Pound sterling

Zimbabwe              15.2810      Rand per US dollar

 

 

The timetable pertaining to the Interim and Special dividend is as follows:

 

Transfers suspended between registers    

Close of business on Monday,

10 September 2018

Finalisation announcement and exchange rates announced

Tuesday, 11 September 2018

Last day to trade cum dividend for shareholders on the South African Register and Malawi, Namibia and Zimbabwe branch registers

Tuesday, 18 September 2018

Ex-dividend date for shareholders on the South African Register and Malawi, Namibia and Zimbabwe branch registers

Wednesday, 19 September 2018

Last day to trade cum dividend for shareholders on the UK register

Wednesday, 19 September 2018

Ex-dividend date for shareholders on the UK register

Thursday, 20 September 2018

 

Record date (all registers)

Close of business on Friday,

21 September 2018

Transfers between registers restart

Opening of business on Tuesday,

25 September 2018

Interim and Special Dividend payment date

Tuesday, 16 October 2018

 

Furthermore, Old Mutual hereby confirms that the exchange control approval for the payment of a special dividend, has now been obtained from the South African Reserve Bank.  The payment of the special dividend is therefore unconditional and will be paid in terms of the timetable set out in the aforementioned SENS announcement. 

 

JSE Sponsor:            Merrill Lynch South Africa (Pty) Limited

Namibian Sponsor: PSG Wealth Management (Namibia) (Proprietary) Limited

 

Enquiries

Investor Relations

Patrick Bowes (Interim Head of Investor Relations)   T: +44 (0)20 7002 7440

                                              E: Patrick.bowes@omg.co.uk

Communications:

Tabby Tsengiwe                                T: +27 (11) 217 1953

                                              M: +27 (0)60 547 4947

                                              E: ttsengiwe@oldmutual.com

 

 

 

 

Notes to Editors

 

About Old Mutual Limited

 

Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets segments in 17 countries. Old Mutual's primary operations are in South Africa and the Rest of Africa, and it has niche businesses in Latin America and Asia. With over 170 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent.

 

For further information on Old Mutual, and its underlying businesses, please visit the corporate website at www.oldmutual.com.

 


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Dividend Currency Equivalents - RNS