Old Mutual Limited Dividend Currency Equivalents (7834T)
March 29 2021 - 03:30AM
UK Regulatory
TIDMOMU
RNS Number : 7834T
Old Mutual Limited
29 March 2021
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 04/21
29 March 2021
FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS
Shareholders are referred to Old Mutual's Results announcement
dated 23 March 2021, wherein the company declared a final dividend
of 35 cents per share, which will be paid on Monday, 24 May 2021.
The dividend of 35 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 28 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 been
established as follows:
Malawi 18.25 Malawian kwacha per
share
Namibia 35.00 Namibian cents per
share
United Kingdom 1.707 GBP pence per share
Zimbabwe 194.99 RTGS cents per share
The local currency equivalents have been calculated using the
following exchange rates:
Malawi 52.1431 Malawian kwacha per
Rand
Namibia 1.000 Namibian cents per
Rand
United Kingdom 20.5016 Rand per Pound sterling
Zimbabwe 0.1795 Rand per RTGS dollar
The timetable released on the Stock Exchange News Service on 23
March 2021 remains unchanged.
Sponsors
JSE Merrill Lynch South Africa (Pty) Limited
Malawi Stockbrokers Malawi Limited
Namibia PSG Wealth Management (Namibia) (Proprietary)
Limited
Zimbabwe Imara Capital Zimbabwe plc
Enquiries
Investor Relations
Sizwe Ndlovu T: +27 (0)11 217 1163
Head of Investor Relations E: tndlovu6@oldmutual.com
Tokelo Mulaudzi T: +27 (0)11 217 1042
Investor Relations Manager E: tmulaudzi3@oldmutual.com
Communications:
Tabby Tsengiwe T: +27 (11) 217 1953
General Manager of Public M: +27 (0)60 547 4947
Affairs and Communications 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 market 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 over 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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END
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