REG - Old Mutual Ltd - Finalisation & Dividend Currency Equivalents

Old MutualAnnouncement

22/03/2022 08:30

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RNS Number : 5762F  Old Mutual Limited  22 March 2022

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

MSE Share Code: OMU

ZSE Share Code: OMU

NSX Share Code: OMM

("Old Mutual" or "the Company")

 

Ref 03/22

 

22 March 2022

 

FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual's Results announcement dated 15 March
2022, wherein the company declared a final dividend of 51 cents per share,
which will be paid on Monday, 23 May 2022. This dividend 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 40.80 cents
per ordinary share. Shareholders that are tax resident in jurisdictions other
than South Africa and 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          27.10297   Malawian kwacha per share
 Namibia         51.00000   Namibian cents per share
 United Kingdom  2.58261    GBP pence per share
 Zimbabwe        439.42788  RTGS cents per share

 

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

 Malawi          53.14308  Malawian kwacha per Rand
 Namibia         1.00000   Namibian cents per Rand
 United Kingdom  19.74750  Rand per Pound sterling
 Zimbabwe        0.11606   Rand per RTGS dollar

 

The timetable released on the Stock Exchange News Service on 15 March 2022
remains unchanged.

 

 

 

Sponsors

 JSE       Merrill Lynch South Africa (Pty) Limited t/a BofA Securities
 Malawi    Stockbrokers Malawi Limited

 Namibia   PSG Wealth Management (Namibia) (Proprietary) Limited
 Zimbabwe  Imara Capital Zimbabwe plc

 

Enquiries

 Investor Relations

 Sizwe Ndlovu                 T: +27 (0)11 217 1163

 Head of Investor Relations   E: tndlovu6@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 176 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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