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JOHANNESBURG - Old Mutual (LON:OMU) Limited, the African financial services group, has announced the currency equivalents for its final dividend of 52.0000 cents per share, as declared in its results announcement on March 18, 2025. The dividend is set to be paid to shareholders outside of the London Stock Exchange (LON:LSEG) (LSE) on April 14, 2025, with LSE shareholders receiving their dividends on May 7, 2025.
The company, which operates in 12 countries and has a heritage spanning over 179 years, has calculated the local currency equivalents for shareholders on the Malawian, Namibian, United Kingdom (TADAWUL:4280), and Zimbabwean registers. The exchange rates used for these calculations were provided in the announcement.
For South African shareholders, the dividend will be subject to a 20% withholding tax unless exempt or qualifying for a reduced rate. The net dividend after this withholding tax will be 41.6000 cents per share. International shareholders may also be subject to a 20% dividend withholding tax, depending on their country’s tax agreement with South Africa.
Shareholders who are tax residents outside South Africa and who may be eligible for a reduced rate under a double taxation agreement are advised to submit a declaration form to the respective registrars to apply for this benefit.
The local currency dividend equivalents are as follows: 48.79454 Malawian kwacha, 52.00000 Namibian cents, 2.20316 GBP pence, and 2.83865 USD cents per share for shareholders in Malawi, Namibia, the United Kingdom, and Zimbabwe, respectively.
Old Mutual has recommended that shareholders consult with their tax adviser regarding the in-country withholding tax consequences. The company has also provided the exchange rates used for determining the local currency equivalents, which include the Malawian kwacha, Namibian dollar, Rand per Pound sterling, and Rand per USD dollar.
This dividend announcement follows the company’s timetable released on March 18, 2025, and remains unchanged. This information is based on a press release statement from Old Mutual Limited.
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