Final dividend for 2014: currency conversions
Old Mutual plc
Ref 286/15
10 April 2015
OLD MUTUAL PLC
Final Dividend for the year ended 31 December 2014 (No. 29): Currency Conversions
In its preliminary results announcement for the year ended 31 December 2014 published on 27 February 2015, Old Mutual plc (the "Company") announced a recommended final dividend of 6.25p per share (the "Final Dividend") or its equivalent in other currencies of payment using exchange rates prevailing on 9 April 2015. The Company also announced that, subject to approval of the dividend at the Company's Annual General Meeting on 14 May 2015 (the "AGM"), shareholders on the South African, Zimbabwe and Malawi branch registers and the Namibian section of the principal register would be paid the local currency cash equivalents of the dividend under dividend access trust (or, in South Africa, dividend access company) arrangements established in each country and those shareholders who hold their shares through Euroclear Sweden AB, the Swedish central securities depository, would be paid the equivalent of the dividend in Swedish kronor. In the case of Zimbabwe, the local currency equivalent would be denominated in US dollars. The remainder of this announcement assumes that the Final Dividend will be duly approved by shareholders at the AGM.
The currency equivalents of the Final Dividend have now been established and are as follows:
|
South Africa |
109.75063 |
South African cents per share |
|
Malawi |
40.42 |
Malawi kwacha per share |
|
Namibia |
109.75063 |
Namibian cents per share |
|
Zimbabwe |
9.21 |
US cents per share |
|
Sweden |
0.81 |
Swedish kronor per share |
These currency equivalents have been calculated using the following exchange rates:
|
South Africa |
17.5601 |
Rand/£ |
|
Malawi |
646.7415 |
Malawi kwacha/£ |
|
Namibia |
17.5601 |
Namibian dollars/£ |
|
Zimbabwe |
1.4734 |
US dollars/£ |
|
Sweden |
12.9022 |
Swedish kronor/£ |
Dividend Tax will be withheld at the rate of 15% from the amount of the gross dividend of 109.75063 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 93.28804 South African cents per share. The Company had a total of 4,925,990,663 shares in issue at the date on which the dividend was announced, 27 February 2015. 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. No Secondary Tax on Companies (STC) credits will be used for the payment of the dividend.
The record date for this dividend payment is the close of business on 24 April 2015 for all the exchanges where the Company's shares are listed. The last day to trade cum-dividend will be 17 April 2015 on the JSE and on the Malawi, Namibian and Zimbabwe Stock Exchanges and 22 April 2015 for the London Stock Exchange. The shares will trade ex-dividend from the opening of business on 20 April 2015 on the JSE and the Malawi, Namibian and Zimbabwe Stock Exchanges and from the opening of business on 23 April 2015 on the London Stock Exchange.
No dematerialisation or rematerialisation within Strate and no transfers between the registers may take place between 20 April 2015 and 24 April (or 27 April, in the case of South Africa) 2015, both dates inclusive.
Enquiries
External communications
Patrick Bowes UK +44 20 7002 7440
Investor relations
Dominic Lagan UK +44 20 7002 7190
Sizwe Ndlovu SA +27 11 217 1163
Media
William Baldwin-Charles +44 20 7002 7133
+44 7834 524833
Notes to Editors
Old Mutual provides investment, savings, insurance and banking services to more than 17 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 billion of funds under management from core operations.
For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com
This information is provided by RNS
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