The Directors of Old Mutual plc are recommending a final dividend for the year ended 31 December 2014 of 6.25p per share , which will be paid (subject to being approved by shareholders at the Company's 2015 Annual General Meeting) on 29 May 2015.
The currency equivalents of the Final Dividend have 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:
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.
A scrip dividend alternative is not being made available in relation to the Final Dividend.
The full timetable for the Final Dividend is set out below:
|Currency conversion date||9 April 2015|
|Exchange rates announced||10 April 2015|
|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||17 April 2015|
|Ex-dividend date for shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register||20 April 2015|
|Transfers suspended between registers||Opening of business on 20 April 2015|
|Last day to trade cum dividend for shareholders on the UK register||22 April 2015|
|Ex-dividend date for shareholders on the UK register||23 April 2015|
|Record date (all locations):||Close of business on 24 April 2015|
|Transfers between registers recommence (except South Africa)||Opening of business on 27 April 2015|
|Transfers between registers recommence (South Africa)||Opening of business on 28 April 2015|
|Annual General Meeting||14 May 2015|
|Payment date||29 May 2015|