REG - Old Mutual Ltd - Finalisation and dividend currency equivalents

Old MutualAnnouncement

03/10/2023 09:00

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RNS Number : 4261O  Old Mutual Limited  03 October 2023

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

LSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

 

 

Ref 51/23

 

03 October 2023

 

FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual's Results announcement dated 27
September 2023, wherein the company declared a final dividend of 32 cents per
share. The number of ordinary shares in issue in the Company's share register
at the date of declaration was 4,824,151,690. The dividend will be payable to
all shareholders (except for Old Mutual Limited shareholders on the London
Stock Exchange (LSE)) on 23 October 2023. The dividend payment date for Old
Mutual Limited shareholders on the LSE is 17 November 2023.

 

The dividend of 32 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 25.60000 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, Malawian, Namibian and Zimbabwean registers will
be paid in the local currency equivalents of the interim 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          18.52615    Malawian kwacha per share
 Namibia         32.00000    Namibian cents per share
 United Kingdom  1.38141     GBP pence per share
 Zimbabwe        9039.54802  RTGS cents per share

 

The local currency equivalents have been calculated using the following
exchange rates:

 Malawi          57.89422  Malawian kwacha per Rand
 Namibia         1.00000   Namibian cents per Rand
 United Kingdom  23.16470  Rand per Pound sterling
 Zimbabwe        0.00354   Rand per RTGS dollar

 

The timetable released on the Stock Exchange News Service on 27 September 2023
remains unchanged.

 

 

Sponsors

 JSE       Merrill Lynch South Africa (Proprietary) Limited t/a BofA Securities
 Malawi    Stockbrokers Malawi Limited
 Namibia   PSG Wealth Management (Namibia) (Proprietary) Limited
 Zimbabwe  Imara Capital Zimbabwe plc

 

 

Enquiries

 Investor Relations:

 Langa Manqele        M: +27 (0)82 295 9840

                      E: investorrelations@oldmutual.com (mailto:tndlovu6@oldmutual.com)
 Communications:

 Tabby Tsengiwe       M: +27 (0)60 547 4947

                      E: oldmutualnews@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
Africa, and it has a niche business in China. With over 178 years of heritage
across sub-Saharan Africa, Old Mutual is a crucial part of the communities it
serves as well as broader society on the continent. For further information on
Old Mutual Limited and its underlying businesses, please visit the corporate
website at www.oldmutual.com (http://www.oldmutual.com/) .

 

 

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