SCRIP DIVIDEND ALTERNATIVE
Ref 17/10
24 March 2010
Old Mutual confirms scrip dividend alternative for dividend No. 19
Further to the announcement by Old Mutual plc (the "Company") on 11 March 2010 that its board was recommending a final dividend of 1.5p (or its equivalent in other applicable currencies) for the year ended 31 December 2009, the Company confirms that, subject to approval at its Annual General Meeting on 13 May 2010, a scrip dividend alternative will be available for eligible shareholders who wish to receive additional shares in the Company in lieu of a cash dividend.
The timetable for the final dividend, including the scrip-related elements, is set out below.
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Scrip calculation price determined |
Last five dealing days on each exchange ending on 5 May 2010 |
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Currency conversion date |
5 May 2010 |
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Exchange rates, scrip calculation price and ratio announced |
6 May 2010 |
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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 |
7 May 2010 |
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Trading suspended between registers |
Start of business on 10 May 2010 |
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Ex-dividend date for shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register |
10 May 2010 |
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Last day to trade cum dividend for shareholders on the UK register |
11 May 2010 |
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Ex-dividend date for shareholders on the UK register |
12 May 2010 |
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Annual General Meeting |
11.00 a.m. on 13 May 2010 |
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Results of Annual General Meeting announced |
13 May 2010 |
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Record date |
14 May 2010 |
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Offer closes for Shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register |
12.00 noon (local time) on 14 May 2010 |
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Trading between registers recommences |
Start of business on 17 May 2010 |
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Offer closes for shareholders on the UK register |
12.00 noon (local time) on 1 June 2010 |
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Final dividend payment date - new ordinary shares issued |
25 June 2010 |
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First day of dealings in new ordinary shares issued in respect of the final dividend |
25 June 2010 |
Shareholders who elect to receive the scrip dividend alternative should note that they will not be able to trade their entitlement to new ordinary shares between 10 May and 24 June 2010 inclusive.
Share certificates for shareholders on the South African register may not be dematerialised or rematerialised between 10 May 2010 and 14 May 2010, both days inclusive and transfers between the registers may not take place during that period.
Further details of the proposed scrip dividend alternative will be sent to shareholders along with the Annual Report mailing in early April.
For further information on Old Mutual plc, please visit our corporate website at www.oldmutual.com
Enquiries
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Investor Relations |
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Patrick Bowes |
UK |
+44 (0)20 7002 7440 |
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Deward Serfontein |
SA |
+27 (0)82 810 5672 |
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Media |
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Matthew Gregorowski |
UK / SA |
+44 (0)20 7002 7133 |
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+44 (0)7748 183 834 |
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Don Hunter (Finsbury) |
UK |
+44 (0)20 7251 3801 |
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.
This information is provided by RNS
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