The Directors of Old Mutual plc (the 'Company') have declared an interim dividend for the six months ended 30 June 2016 of 2.67p per share (the 'Interim Dividend'), which will be paid on 28 October 2016. Shareholders on the South African, Zimbabwean and Malawian branch registers and the Namibian section of the principal register will be paid the local currency cash equivalents of the Interim Dividend under dividend access trust or similar arrangements established in each country. Shareholders who hold their shares through Euroclear Sweden AB, the Swedish nominee, will be paid the cash equivalent of the Interim Dividend in Swedish kronor.
As with the Second Interim Dividend for the year ended 31 December 2015, the Company has taken the opportunity to fix the foreign currency equivalents at the time of announcement (based on the applicable closing exchange rates on 9 August 2016). The local currency cash equivalents of the Interim Dividend are as follows:
The local currency cash equivalents of the Second Interim Dividend are as follows:
|South Africa||46.77119||South African cents per share|
|Malawi||25.00||Malawi kwacha per share|
|Namibia||46.77119||Namibian cents per share|
|Zimbabwe||3.47||US cents per share|
|Sweden||0.30||Swedish kronor per share|
These currency equivalents have been calculated using the following exchange rates:
Dividend Tax will be withheld at the rate of 15% from the amount of the gross dividend of 46.77119 South African cents per share paid to South African shareholders unless a shareholder qualifies for exemption. After the Dividend Tax has been withheld, the net dividend will be 39.75551 South African cents per share. The Company had a total of 4,929,596,243 shares in issue at today's date. In South Africa, the dividend will be distributed by Old Mutual Dividend Access Company (Pty) Limited, a South African company with tax registration number 9460/144/14/1, in terms of the Company's dividend access share arrangements. No Secondary Tax on Companies (STC) credits will be used for the payment of the dividend.
The record date for this dividend payment is the close of business on 23 September 2016 for all the exchanges where the Company's shares are listed. The last day to trade cum-dividend will be 16 September 2016 on the Malawian and Zimbabwean Stock Exchanges, 20 September 2016 on the JSE and on the Namibian Stock Exchange and 21 September 2016 on the London Stock Exchange. The shares will trade ex-dividend from the opening of business on 19 September 2016 on the Malawian and Zimbabwean Stock Exchanges, from the opening of business on 21 September 2016 on the JSE and on the Namibian Stock Exchange and from the opening of business on 22 September 2016 on the London Stock Exchange.
Share certificates for shareholders on the South African register may not be dematerialised or rematerialised between 21 September and 23 September 2016, both dates inclusive. Transfers between the registers may not take place between 20 and 23 September 2016, both dates inclusive. Trading in shares held on the Namibian section of the principal register through Old Mutual (Namibia) Nominees (Pty) Limited will not be permitted between 20 and 22 September 2016, both dates inclusive.