Shareholders are referred to Old Mutual's Interim Results announcement dated 31 August 2018, wherein the company declared an interim dividend of 45 cents per share and a special dividend of 100 cents per share, which will be paid on 16 October 2018.
Shareholders on the London, Malawian, Namibian and Zimbabwean registers will be paid in the local currency equivalents of the interim and special dividends. In Malawi, Namibia and Zimbabwe these payments will be made through dividend access trust or similar arrangements established in each country.
The local currency equivalents of the Interim and Special dividend have now been established as follows:
Malawi 69.05 Malawi kwacha per share
Namibia 145 Namibian cents per share
United Kingdom 7.27 GBP pence per share
Zimbabwe 9.49 US cents per share
These local currency equivalents have been calculated using the following exchange rates:
Malawi 47.6190 Malawian kwacha per Rand
Namibia 1.0000 Namibian dollars per Rand
United Kingdom 19.9449 Rand per Pound sterling
Zimbabwe 15.2810 Rand per US dollar
The timetable pertaining to the Interim and Special dividend is as follows:
Transfers suspended between registers | Close of business on Monday, 10 September 2018 |
Finalisation announcement and exchange rates announced | Tuesday, 11 September 2018 |
Last day to trade cum dividend for shareholders on the South African Register and Malawi, Namibia and Zimbabwe branch registers | Tuesday, 18 September 2018 |
Ex-dividend date for shareholders on the South African Register and Malawi, Namibia and Zimbabwe branch registers | Wednesday, 19 September 2018 |
Last day to trade cum dividend for shareholders on the UK register | Wednesday, 19 September 2018 |
Ex-dividend date for shareholders on the UK register | Thursday, 20 September 2018 |
Record date (all registers) | Close of business on Friday, 21 September 2018 |
Transfers between registers restart | Opening of business on Tuesday, 25 September 2018 |
Interim and Special Dividend payment date | Tuesday, 16 October 2018 |
Furthermore, Old Mutual hereby confirms that the exchange control approval for the payment of a special dividend, has now been obtained from the South African Reserve Bank. The payment of the special dividend is therefore unconditional and will be paid in terms of the timetable set out in the aforementioned SENS announcement.
Documents
Attachments
- Original document
- Permalink
Disclaimer
Old Mutual Ltd. published this content on 11 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 September 2018 10:01:08 UTC