Dividend Declaration

RNS Number : 4955C

Old Mutual PLC

08 March 2011

 



Ref: 25/11

8 March 2011

Final Dividend for the year ended 31 December 2010 (No. 21)

The Directors of Old Mutual plc are recommending a final dividend for the year ended 31 December 2010 of 2.9p per share, which will be paid, subject to being approved by shareholders at the Company's 2011 Annual General Meeting, on 31 May 2011.

Shareholders on the South African, Zimbabwe and Malawi branch registers and the Namibian section of the principal register will be paid the local currency cash equivalents of the dividend under dividend access trust 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 dividend in Swedish Kronor (SEK). Local currency cash equivalents of the dividend for all five territories will be determined by the Company using exchange rates prevailing at the close of business on 31 March 2011 and will be announced by the Company on 1 April 2011.

A scrip dividend alternative will again be available for eligible shareholders who wish to receive new ordinary shares in the Company in lieu of cash in respect of the final dividend.The dates by which elections to join the scrip dividend scheme for the final dividend must be received from shareholders who have not already made an evergreen election to participate in the scheme are set out in the table below. Shareholders should note that they will not be able to trade their entitlement to new ordinary shares issued pursuant to the scrip dividend scheme until 31 May 2011. The full terms of the scrip dividend scheme are contained in a booklet which is available (along with related mandate forms) on the Company's website at www.oldmutual.com or from the Company's registrars.

Share certificates for shareholders on the South African branch register may not be dematerialised or rematerialised between 11 and 15 April 2011, both dates inclusive, and transfers between the registers may not take place during that period.

The full timetable for the final dividend is as follows:

Declaration date	8 March 2011
Scrip calculation price determined	Last five dealing days on each exchange ending on 31 March 2011
Currency conversion date	31 March 2011
Exchange rates, scrip calculation price and ratio announced	1 April 2011
Last day to trade cum dividend for shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register	8 April 2011
Trading suspended between registers	opening of business on 11 April 2011
Ex-dividend date for shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register	11 April 2011
Last day to trade cum-dividend for shareholders on the UK register	12 April 2011
Ex-dividend date for shareholders on the UK register	13 April 2011
Scrip dividend alternative offer closes for shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register	12 noon on 15 April 2011
Record date	Close of business on 15 April 2011
Trading between registers recommences	Opening of business on 18 April 2011
Scrip dividend alternative offer closes for shareholders on the UK register	12 noon on 3 May 2011
Annual General Meeting	12 May 2011
Final dividend payment date and new ordinary shares issued under the scrip dividend alternative	31 May 2011
First day of dealings in new ordinary shares issued in respect of the scrip dividend alternative	31 May 2011

Enquiries

External Communications
Patrick Bowes		[phone]
Investor Relations
Deward Serfontein	SA	[phone]
Aleida White	UK	[phone]
Media
William Baldwin-Charles		[phone]

Notes to Editors

Old Mutual

Old Mutual plc 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 15 million customers in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others.

In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £309 billion of funds under management, from core operations. 

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 

 

END

 

 

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