The Board of directors has approved and declared a final dividend of 75 cents per ordinary share.
The final dividend of 75 cents per share, results in a full dividend cover of 1.74 times for the 2019 year which is in line with Old Mutual Limited’s dividend cover target range of 1.50 times to 2.00 times. The final dividend will be paid out of distributable reserves and is payable on 04 May 2020 to all ordinary shareholders recorded on the record date.
Shareholders on the London, Malawian, Namibian and Zimbabwean registers will be paid in the local currency equivalents of the final dividends.
Old Mutual Limited’s income tax number is 9267358233. The number of ordinary shares in issue in the company’s share register at the date of declaration is 4,708,553,649.
Share certificates for shareholders on the South African register may not be dematerialised or rematerialised between Wednesday, 01 April and Friday, 03 April 2020, both dates inclusive. Transfers between the registers may not take place between Tuesday, 24 March and Friday, 03 April 2020, both dates inclusive. Trading in shares held on the Namibian section of the principal register through Old Mutual (Namibia) Nominees (Pty) Limited will not be permitted between Monday, 23 March and Friday, 03 April 2020, both dates inclusive.
Shareholders that are tax resident in jurisdictions other than South Africa may qualify for a reduced rate under a double taxation agreement with South Africa. To apply for this reduced rate, non-SA taxpayers should complete and submit a declaration form to the respective registrars. The declaration form can be found on our Dividend Tax considerations page.