REG - Old Mutual Ltd - Finalisation and dividend currency equivalents

Old MutualAnnouncement

09/04/2024 08:30

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RNS Number : 8340J  Old Mutual Limited  09 April 2024

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

 

("Old Mutual" or "Company" or "Group")

 

Ref: 37/24

 

09 April 2024

 

FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual's results announcement released on the
Stock Exchange News Service of the JSE Limited ("SENS") on Wednesday, 27 March
2024, wherein the Company declared a final dividend of 49 cents per share out
of distributable income reserves.

 

Old Mutual's income tax number is 9267358233. The number of ordinary shares in
issue in the Company's share register at the date of declaration was
4,790,906,428. The dividend will be payable to all shareholders (except for
Old Mutual Limited shareholders on the London Stock Exchange (LSE)) on Monday,
22 April 2024. The dividend payment date for Old Mutual Limited shareholders
on the LSE is Tuesday, 21 May 2024.

 

The dividend for South African shareholders will be subject to dividend
withholding tax of 20% for all shareholders who are not exempt from or do not
qualify for a reduced rate of withholding tax. International shareholders who
are not exempt or are not subject to a reduced rate in terms of a double
taxation agreement will be subject to dividend withholding tax of 20%. The net
dividend payable to shareholders subject to withholding tax of 20% amounts to
39.20000 cents per ordinary share.

 

Shareholders on the London, Malawian and Namibian registers will be paid in
the local currency equivalents of the final dividend. Shareholders on the
Zimbabwean register will be paid the equivalent of the final dividend in
United States Dollars (USD). 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 shareholders consult with their tax
adviser regarding the in-country withholding tax consequences.

 

Shareholders that are tax residents 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-South African taxpayers should
complete and submit a declaration form to the respective registrars. The
declaration form can be found
at:https://www.oldmutual.com/investor-relations/dividend-information/
(https://www.oldmutual.com/investor-relations/dividend-information/) .

 

 

The local currency equivalents of the final dividend have been established as
follows:

 Malawi          44.84243  Malawian kwacha per share
 Namibia         49.00000  Namibian cents per share
 United Kingdom  2.04397   GBP pence per share
 Zimbabwe        2.60722   USD cents per share

 

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

 Malawi          91.51516  Malawian kwacha per Rand
 Namibia         1.00000   Namibian cents per Rand
 United Kingdom  23.97300  Rand per Pound sterling
 Zimbabwe        18.79400  Rand per USD dollar

 

The timetable released on SENS on Wednesday, 27 March 2024 remains unchanged.

 

Sandton

 

Sponsors

 Johannesburg Stock Exchange  Tamela Holding (Pty) Ltd
 Malawi Stock Exchange        Stockbrokers Malawi Limited
 Namibia Stock Exchange       PSG Wealth Management (Namibia) Proprietary Limited
 Zimbabwe Stock Exchange      Imara Capital Zimbabwe plc

 

Enquiries

 Investor Relations
 Langa Manqele                             M: +27 82 295 9840

 Head of Investor Relations                E: investorrelations@oldmutual.com

 Communications
 Wendy Tlou                                M: +27 83 301 9663

 Interim Chief Communication Officer       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 Asia. 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 and its underlying businesses, please
visit the corporate website at www.oldmutual.com (http://www.oldmutual.com) .

 

 

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