LONDON, April 4, 2003 (PRIMEZONE) -- In the preliminary announcement by Old Mutual plc (Other OTC:ODMTF) (LSE:OML) of its results for the year ended December 31, 2002 published on February 24, 2003, the company announced a recommended final dividend of 3.1pounds per share or its equivalent in other currencies of payment using the exchange rates prevailing on April 3, 2003.
On March 13, 2003, Old Mutual announced it would apply a Zimbabwe dollar/sterling exchange rate determined by Zimbabwe Statutory Instrument 83A of 2003 in calculating the dividend to be paid to shareholders on the Zimbabwe branch register.The local currency equivalents of the proposed dividend have now been established and are as follows:
South Africa 38.33 South African cents per share Malawi 4.4157 Malawi Kwacha per share Namibia 38.33 Namibian cents per share Zimbabwe 40.1603 Zimbabwean dollars per share
Subject to being approved by shareholders at the Annual General Meeting on May 16, 2003, the final dividend will be paid on 30 May 2003.
The record date for this dividend payment is Tuesday, April 22, 2003 for all the exchanges where Old Mutual shares are listed. The ex-dividend date on the London Stock Exchange is the opening of business on Wednesday, April 16, 2003.
In accordance with the settlement procedures of STRATE, Old Mutual has determined the last day for trading to participate in the final dividend to be Friday, April 11, 2003 for shares traded through the JSE Securities Exchange South Africa. The ex-dividend date on the JSE Securities Exchange South Africa and also on the Malawi, Namibian and Zimbabwe Stock Exchanges will be the opening of business on Monday, April 14, 2003.