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Removal of Old Mutual shares begin after a 2 week suspension

by Staff reporter
24 Sep 2018 at 20:19hrs | Views
Removal of Old Mutual shares from Zimbabwe, South Africa and the United Kingdom register started today after a two-week suspension due to a corporate event.

Old Mutual share movement to other registers had been suspended due to an interim cash dividend and a special dividend which was paid to shareholders who held Old Mutual as of Tuesday, 18 September 2018 on the South African Register and Malawi, Namibia and Zimbabwe branch registers. While the last day to trade cum dividend for shareholders on the UK register was Wednesday, 19 September 2018.

The company declared an interim dividend of 45 cents per share and a special dividend of 100 cents per share, which will be paid on 16 October 2018.

Shareholders on the London, Malawian, Namibian and Zimbabwean registers will be paid in the local currency equivalents of the interim and special dividends. In Malawi, Namibia and Zimbabwe these payments will be made through dividend access trust or similar arrangements established in each country.

The local currency equivalents of the Interim and Special dividend have now been established as follows:

Malawi                     69.05           Malawi kwacha per share
Namibia                   145             Namibian cents per share
United Kingdom       7.27            GBP pence per share
Zimbabwe                9.49            US cents per share

Source - Byo24News