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.
Sterling Currency Election Form