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Dividends

Dividend Policy

The Company has the following dividend policy:

  • Regular payout ratio is 50% of underlying net earnings (net earning adjusted for non-cash foreign gains/losses and impairment charges) for the period on a semi-annual basis, subject to a hard ceiling of Net debt / Adjusted EBITDA ratio below 2.5x;
  • At the end of each financial year, the Board considers a special dividend payment, based, among other factors, on the Company’s available free cash flow (post regular dividends), forward-looking financial projections, market outlook and other investment requirements;
  • This practice has been started since March 2017. Link to the press release.

Dividend History

Record Date Date Paid Amount Exchange Rate Press Release Dividend type
18 May 2012 18 Jun 2012 US$0.2 per share £1.00=US$1.5576 Dividend declaration of US$0.20 per share Final dividend for 2011
14 Dec 2012 21 Jan 2013 US$0.5 per share £1.00=US$1.6050 Dividend declaration of US$0.50 per share Special dividend for 2012
17 May 2013 19 Jun 2013 US$0.31 per share £1.00=US$1.5136 Dividend declaration of US$0.31 per share Final dividend for 2012
6 Sep 2013 26 Sep 2013 US$0.01 per share £1.00=US$1.5712
Dividend declaration of US$0.01 per share Interim dividend for 1H 2013
2 May 2014 30 May 2014 US$0.08 per share £1.00=US$1.6975 Dividend declaration of US$0.08 per share Final dividend for 2013
5 Sep 2014 26 Sep 2014 US$0.08 per share £1.00=US$1.6267
Dividend declaration of US$0.08 per share Interim dividend for 1H 2014
19 Dec 2014 23 Jan 2015 US$0.2 per share   £1.00=US$1.5537 Dividend declaration of US$0.20 per share  Special dividend for 2014
1 May 2015
29 May 2015
US$0.13 per share
 £1.00=US$1.5203 Dividend declaration of US$0.13 per share
Final dividend for 2014
4 Sep 2015 25 Sep 2015  US$0.08 per share   £1.00=US$1.5380 Dividend declaration of US$0.08 per share  Interim dividend for 1H 2015 
11 Dec 2015  24 Dec 2015  US$0.30 per share  £1.00=US$1.5180 Dividend declaration of US$0.30 per share  Special dividend for 2015 
6 May 2016 27 May 2016
US$0.13 per share  £1.00=US$1.4487 Dividend declaration of US$0.13 per share Final dividend for 2015
2 Sep 2016 23 Sep 2016 US$0.09 per share £1.00=US$1.3362 Dividend declaration of US$0.09 per share Interim dividend for 1H 2016
16 Dec 2016 29 Dec 2016 US$0.15 per share £1.00=US$1.2392 Dividend declaration of US$0.15 per share Special dividend for 2016
5 May 2017 26 May 2017 US$0.18 per share £1.00=US$1.2882 Dividend declaration of US$0.18 per share Final dividend for 2016

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