With effect from Monday, 30 March 2015, shares in Old Mutual plc traded on the Zimbabwe Stock Exchange (ZSE) can only be settled by electronic entry through the local Central Securities Depository (CSD).
Under the applicable CSD regulations, electronic settlement can only be effected for shares held in uncertificated form. A consequence of this is that share certificates will no longer be good for delivery in respect of transactions in the Company's shares entered into the ZSE on or after 30 March 2015. This is part of a general programme to migrate all companies listed on the ZSE to electronic settlement.
We are sending a circular (see below) to shareholders who hold their shares in certificated form on our Zimbabwe branch register, inviting them to dematerialise their shares through Old Mutual Custodial Services (the 'Old Mutual Issuer-Sponsored Nominee Programme'), in order for them to continue to be able to trade their shares on the ZSE.
For shareholders who elect not to participate in the Old Mutual Issuer-Sponsored Nominee Programme, other alternative options are also available as described in the shareholder circular.
The CSD in Zimbabwe is operated by Chengetedzai Depository Company Limited ('CDCL'). For more information on the CSD, please visit the CDCL website at www.chengetedzai.co.zw.
For any enquiries on this, and any other matters relating to shares on our Zimbabwe branch register, please contact:
Corpserve Registrars (Private) Limited,
2nd Floor ZB Centre,
Corner First Street and Kwame Nkrumah Avenue,