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Old Mutual Limited   -  OMU   

Finalisation and dividend currency equivalents

Released 09:00 23-Mar-2020

RNS Number : 1673H
Old Mutual Limited
23 March 2020
 

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE, MSE, ZSE Share Code: OMU

NSX Share Code: OMM

("Old Mutual" or "the Company")

 

Ref 08/20

23 March 2020

 

FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual's Preliminary Results announcement dated 16 March 2020, wherein the company declared a final dividend of 75 cents per share, which will be paid on Monday, 4 May 2020. The dividend of 75 cents per ordinary share will be subject to a local dividend tax rate of 20% which will result in a net final dividend, to those shareholders who are not exempt from paying dividend tax, of 60 cents per ordinary share. International shareholders who are not exempt or are not subject to a reduced rate in terms of a double taxation agreement, will be subject to a dividend withholding tax at a rate of 20%.

 

Shareholders on the London, Zimbabwean, Malawian and Namibian registers will be paid in the local currency equivalents of the final dividend.  Distributions made through the dividend access trust or similar arrangements established in a country will not be subject to South African withholding tax but may be subject to withholding tax in the relevant country. We recommend that you consult with your tax advisor regarding the in-country withholding tax consequences.

 

The local currency equivalents of the final dividend have now been established as follows:

Malawi

32.34

Malawian kwacha per share

Namibia

75.00

Namibian cents per share

United Kingdom

3.71

GBP pence per share

Zimbabwe

91.37

RTGS cents per share

 

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

Malawi

43.1139

Malawian kwacha per Rand

Namibia

1.0000

Namibian cents per Rand

United Kingdom

20.2070

Rand per Pound sterling

Zimbabwe

0.8208

Rand per RTGS dollar

 

The timetable released on the Stock Exchange News Service on 16 March 2020 remains unchanged.

 

Sponsors

JSE

Merrill Lynch South Africa (Pty) Limited

Malawi

Namibia

Stockbrokers Malawi Limited

PSG Wealth Management (Namibia) (Proprietary) Limited

Zimbabwe

Imara Capital Zimbabwe plc



 

Enquiries

Investor Relations


Sizwe Ndlovu

Head of Investor Relations

T: +27 (0)11 217 1163

E: tndlovu6@oldmutual.com



Tokelo Mulaudzi

T: +27 (0)11 217 1042

Investor Relations Manager

E: tmulaudzi3@oldmutual.com



Communications


Tabby Tsengiwe

Head of Communications

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 14 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and we have a niche business in China. With 175 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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Finalisation and dividend currency equivalents - RNS