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RNS Number : 5291T Old Mutual Limited 22 March 2023
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE, MSE, ZSE Share Code: OMU
NSX Share Code: OMM
("Old Mutual" or "the Company")
Ref 19/23
22 March 2023
FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS
Shareholders are referred to Old Mutual's Results announcement dated 14 March
2023, wherein the company declared a final dividend of 51 cents per share. The
dividend will be payable to all shareholders (except for Old Mutual Limited
shareholders on the London Stock Exchange (LSE)) on 17 April 2023. The
dividend payment date for Old Mutual Limited shareholders on the LSE is
15 May 2023.
The dividend of 51 cents per ordinary share will be subject to a local
dividend tax rate of 20% which will result in a net final dividend, to those
shareholders who are not exempt from paying dividend tax, of 40.800 cents per
ordinary share. Shareholders who are not exempt or are not subject to a
reduced rate in terms of a double taxation agreement, will be subject to a
dividend withholding tax at a rate of 20%.
Shareholders on the London, Zimbabwean, Malawian and Namibian registers will
be paid in the local currency equivalents of the final dividend.
Distributions made through the dividend access trust or similar arrangements
established in a country will not be subject to South African withholding tax
but may be subject to withholding tax in the relevant country. We recommend
that you consult with your tax advisor regarding the in-country withholding
tax consequences.
The local currency equivalents of the final dividend have been established as
follows:
Malawi 28.91342 Malawian kwacha per share
Namibia 51.00000 Namibian cents per share
United Kingdom 2.27334 GBP pence per share
Zimbabwe 2,466.15087 RTGS cents per share
The local currency equivalents have been calculated using the following
exchange rates:
Malawi 56.69298 Malawian kwacha per Rand
Namibia 1.00000 Namibian Dollar per Rand
United Kingdom 22.43400 Rand per Pound sterling
Zimbabwe 0.02068 Rand per RTGS dollar
The timetable released on the Stock Exchange News Service on 14 March 2023
remains unchanged.
Sponsors
JSE Merrill Lynch South Africa (Pty) Limited
Malawi Stockbrokers Malawi Limited
Namibia PSG Wealth Management (Namibia) (Proprietary) Limited
Zimbabwe Imara Capital Zimbabwe plc
Enquiries
Investor Relations
Bonga Mriga T: +27 (0)67 866 6348
Interim: Head of Investor Relations E: bmriga@oldmutual.com (mailto:tndlovu6@oldmutual.com)
Communications:
Vuyo Mtawa M: +27 (0)68 422 8125
Head of Communications E: VMtawa@oldmutual.com
Notes to Editors
About Old Mutual Limited
Old Mutual is a premium African financial services group that offers a broad
spectrum of financial solutions to retail and corporate customers across key
market segments in 14 countries. Old Mutual's primary operations are in South
Africa and the Rest of Africa and it has a niche business in Asia. With
over 177 years of heritage across sub-Saharan Africa, Old Mutual is a crucial
part of the communities they serve and the broader society on the continent.
For further information on Old Mutual and its underlying businesses, please
visit the corporate website at www.oldmutual.com (http://www.oldmutual.com/)
.
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