Old Mutual PLC Second Interim Dividend 2017 (7789H)
March 15 2018 - 2:02AM
UK Regulatory
TIDMOML
RNS Number : 7789H
Old Mutual PLC
15 March 2018
Old Mutual plc
Ref 139/18
15 March 2018
SECOND INTERIM DIVIDEND FOR THE YEAR ENDED 31 December 2017 (No.
35)
The Directors of Old Mutual plc (the "Company") have declared a
second interim dividend for the year ended 31 December 2017 of
3.57p per share (the "Second Interim Dividend"), which will be paid
on Monday, 30 April 2018. Shareholders on the South African,
Zimbabwean and Malawian branch registers and the Namibian section
of the principal register will be paid the local currency cash
equivalents of the Second Interim Dividend under dividend access
trust or similar arrangements established in each country.
Shareholders who hold their shares through Euroclear Sweden AB, the
Swedish nominee, will be paid the cash equivalent of the Second
Interim Dividend in Swedish kronor.
Dividends in currencies other than sterling will be converted at
our average effective exchange rate after taking into account
hedging activities and timing of remittances for the relevant
period. Accordingly, shareholders in South Africa and Namibia will
receive the full year effective hedge rate achieved by the Company
on rand forward sales undertaken in respect of rand flows
supporting the 2017 interim dividends. Shareholders in Zimbabwe,
Malawi and Sweden will be converted in to local currency at the
daily weighted average exchange rate for the six month period from
1 July to 31 December 2017. The local currency cash equivalents of
the Second Interim Dividend are therefore as follows:
South Africa 66.50482 South African cents per share
Malawi 34.14 Malawian kwacha per share
Namibia 66.50482 Namibian cents per share
Zimbabwe 4.71 US cents per share
Sweden 0.39 Swedish kronor per share
These currency equivalents have been calculated using the
following exchange rates:
South Africa 18.6288 Rand/GBP
Malawi 956.38 Malawian kwacha/GBP
Namibia 18.6288 Namibian dollars/GBP
Zimbabwe 1.3182 US dollars/GBP
Sweden 10.8460 Swedish kronor/GBP
Dividend Tax will be withheld at the rate of 20% from the amount
of the gross dividend of 66.50482 South African cents per share
paid to South African shareholders unless a shareholder qualifies
for exemption. After the Dividend Tax has been withheld, the net
dividend will be 53.20386 South African cents per share. The
Company had a total of 4,932,779,577 shares in issue at today's
date. In South Africa, the dividend will be distributed by Old
Mutual Dividend Access Company (Pty) Limited, a South African
company with tax registration number 9460/144/14/1, in terms of the
Company's dividend access share arrangements.
The record date for this dividend payment is the close of
business on Friday, 6 April 2018 for all the exchanges where the
Company's shares are listed. The last day to trade cum-dividend
will be Wednesday, 28 March 2018 on the Malawian Stock Exchange,
Tuesday 3 April 2018 on the JSE and on the Namibian and Zimbabwean
Stock Exchanges and Wednesday, 4 April 2018 on the London Stock
Exchange. The shares will trade ex-dividend from the opening of
business on Thursday, 29 March 2018 on the Malawian Stock Exchange,
from the opening of business on Wednesday, 4 April 2018 on the JSE
and on the Namibian and Zimbabwean Stock Exchanges and from the
opening of business on Thursday, 5 April 2018 on the London Stock
Exchange.
Share certificates for shareholders on the South African
register may not be dematerialised or rematerialised between
Wednesday, 4 April 2018 and Friday, 6 April 2018, both dates
inclusive. Transfers between the registers may not take place
between Tuesday, 3 April 2018 and Friday, 6 April 2018, both dates
inclusive. Trading in shares held on the Namibian section of the
principal register through Old Mutual (Namibia) Nominees (Pty)
Limited will not be permitted between Tuesday, 3 April 2018 and
Friday, 6 April 2018, both dates inclusive.
Enquiries
External communications
Patrick Bowes +44 20 7002 7440
Investor relations
Dominic Lagan (Old Mutual plc) +44 20 7002 7190
John-Paul Crutchley (Old Mutual Wealth) +44 20 7002 7016
Nwabisa Piki (Old Mutual Emerging Markets) +27 11 217 1951
Media
William Baldwin-Charles +44 20 7002 7133
+44 7834 524833
Notes to Editors
About Old Mutual plc
Old Mutual plc is a holding company for several financial
services companies. In March 2016, it announced a new strategy of
managed separation entailing the separation of its underlying
businesses into independently-listed, standalone entities.
The managed separation strategy seeks to preserve and release
the value currently trapped within the group structure. The managed
separation will be materially complete by the end of 2018.
OM Asset Management, a US based institutional asset manager, is
now independent from Old Mutual. The remaining underlying
businesses are:
Old Mutual Emerging Markets: Old Mutual Emerging Markets seeks
to become a premium African financial services group that offers a
broad spectrum of financial solutions to retail and corporate
customers across key market segments in 17 countries.
Nedbank: Nedbank ranks as a top-5 bank by capital on the African
continent and Ecobank, in which Nedbank maintains a 21.2%
shareholding, ranks within the top-10 banks by assets on the
African continent.
Old Mutual Wealth: Old Mutual Wealth is a leader in the UK and
in selected offshore markets in wealth management, providing
advice-led investment solutions and investment platforms to over
900,000 customers, principally in the affluent market segment.
For the year ended 31 December 2017, Old Mutual reported an
adjusted operating profit before tax of GBP2.0 billion. For further
information on Old Mutual plc and the underlying businesses, please
visit the corporate website at www.oldmutualplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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