Dividend Declaration

RNS Number : 4083I

Old Mutual PLC

11 March 2010

 



Ref: 07/10

11 March 2010

Final Dividend for the year ended 31 December 2009

(No. 19)

The Directors of Old Mutual plc are recommending a final dividend for the year ended 31 December 2009 of 1.5p per share, which will be paid, subject to approval by shareholders at the Company's Annual General Meeting on 13 May 2010, on 25 June 2010.

The record date for this dividend payment is the close of business on 14 May 2010 for all the Exchanges where the Company's shares are listed. The last day to trade cum-dividend on the JSE and on the Namibian, Zimbabwe and Malawi Stock Exchanges will be 7 May 2010 and 11 May 2010 for the London Stock Exchange. The shares will trade ex-dividend from the opening of business on 10 May 2010 on the JSE and on the Namibian, Zimbabwe and Malawi Stock Exchanges and from the opening of business on 12 May 2010 on the London Stock Exchange.

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 close of business on 5 May 2010 and will be announced by the Company on 6 May 2010.

Share certificates may not be dematerialised or rematerialised on the South African branch register between 10 May 2010 and 14 May 2010, both dates inclusive, and transfers between the registers may not take place during that period.

The Company is planning to offer, for the first time, a scrip dividend alternative for eligible shareholders subject to finalising the associated logistics and timetable.  A separate announcement will be made about this when these matters have been clarified.

Enquiries

Investor Relations
Patrick Bowes	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Matthew Gregorowski	UK/SA	[phone]
		[phone]
Don Hunter (Finsbury)	UK	[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 in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2009, the Group reported adjusted operating profit before tax of £1.2 billion (on an IFRS basis) and had £285 billion of funds under management at the year end.  The Group has approximately 54,000 employees.

 

END

 

 

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