REG - Old Mutual Ltd - Interim Dividend Currency Equivalents

Old MutualAnnouncement

06/09/2022 09:30

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RNS Number : 4224Y  Old Mutual Limited  06 September 2022

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 43/22

 

06 September 2022

 

FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual's Results announcement dated 30 August
2022, wherein the company declared an interim dividend of 25 cents per share.
The interim dividend payment date is Monday, 17 October 2022 but shareholders
on the Malawi Stock Exchange will be paid on Tuesday, 18 October 2022 due to a
public holiday on Monday, 17 October 2022. The dividend of 25 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 20 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 interim dividend have been established
as follows:

 Malawi          14.81551   Malawian kwacha per share
 Namibia         25.00000   Namibian cents per share
 United Kingdom  1.25125    GBP pence per share
 Zimbabwe        773.03649  RTGS cents per share

 

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

 Malawi          59.26202  Malawian kwacha per Rand
 Namibia         1.00000   Namibian cents per Rand
 United Kingdom  19.98000  Rand per Pound sterling
 Zimbabwe        0.03234   Rand per RTGS dollar

 

The timetable released on the Stock Exchange News Service on 30 August 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:  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 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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