Old Mutual Lim. Regulatory News (OMU)

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

 

 

Ref 51/23

 

03 October 2023

 

FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual's Results announcement dated 27 September 2023, wherein the company declared a final dividend of 32 cents per share. The number of ordinary shares in issue in the Company's share register at the date of declaration was 4,824,151,690. The dividend will be payable to all shareholders (except for Old Mutual Limited shareholders on the London Stock Exchange (LSE)) on 23 October 2023. The dividend payment date for Old Mutual Limited shareholders on the LSE is 17 November 2023.

 

The dividend of 32 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 25.60000 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 final dividend have been established as follows:

 

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

 

The timetable released on the Stock Exchange News Service on 27 September 2023 remains unchanged.

 

 

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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 China. 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 Limited and its underlying businesses, please visit the corporate website at www.oldmutual.com.