Offer Update

RNS Number : 7835F

Old Mutual PLC

19 January 2010

 

Ref 02/10 

19 January 2010

FINAL TIMETABLE FOR ACQUISITION OF THE REMAINING MINORITY SHAREHOLDING IN 

MUTUAL & FEDERAL

Further to today's announcement by Mutual & Federal Insurance Company Limited ("Mutual & Federal") that all outstanding conditions precedent to the transaction have been fulfilled, Old Mutual plc ("Old Mutual") sets out below some final salient dates and times in relation to Old Mutual's offer to acquire those Mutual & Federal shares not currently beneficially owned by Old Mutual and/or its subsidiaries, by way of a scheme of arrangement ("Scheme"). Application for the listing of the Scheme consideration shares will be made by Old Mutual to the relevant exchanges on which Old Mutual is listed.

	2010
Last day to trade Mutual & Federal shares on the JSE Limited ("the JSE") and the Namibian Stock Exchange ("the NSX") in order to be recorded in the share register on the Scheme record date	Friday, 29 January
Date that Mutual & Federal shares are suspended from trading on the JSE/NSX and that trading in the Scheme consideration shares commences on the JSE/NSX	Monday, 1 February
Scheme record date to determine participation in the Scheme	Friday, 5 February
Operative date of the Scheme and date that trading in the Scheme consideration shares commences on the London Stock Exchange, ("LSE"), from the commencement of business on	Monday, 8 February
Termination of listing of Mutual & Federal shares on the JSE and NSX	Monday, 8 February

The full announcement made today by Mutual & Federal is available on the Mutual & Federal website at www.mf.co.za

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

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 a leading international long-term savings 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 2008, the Group reported adjusted operating profit of £1.0 billion (on an IFRS basis) and had £265 billion of funds under management at the year end. The Group has approximately 57,000 employees.

 

END

 

 

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