The delivery of the Board’s long term strategy enables the return of surplus cash to shareholders.

Originally we committed to return £1.9bn (£6.20 per share) of surplus capital to shareholders between 2012-2021.

We increased this commitment by c. £860m (£2.80 per share) on 23 February 2016 and by a further c. £77m (25p per share) on 24 February 2017. As a result the Capital Return Plan has now been increased by 49% since its inception to £9.25 per share. This amount will be returned to shareholders between 2012-2021 according to the following timetable:-

Original Plan

New Plan

Original Plan

Pence Per Share

New Plan

Pence Per Share

28 June 2013

28 June 2013

75

75 paid

 

4 July 2014

-

70 paid

30 June 2015

2 April 2015

95

95 paid

 

1 April 2016

-

110 paid

 

31 March 2017

-

25 paid

30 June 2017

3 July 2017

110

110

 

6 July 2018

-

110*

30 June 2019

5 July 2019

110

110*

30 June 2020

6 July 2020

115

110*

30 June 2021

6 July 2021

115

110*

Total

620

925

*   Current anticipated profile of payments.

▲ Paid by a B/C Share Issue.

‡   Paid as an Interim Dividend.

 

Please note the following:

25p dividend paid on 31 March 2017:
• Ex-dividend date: 9 March 2017;
• Record date: 10 March 2017; and
• Payment date: 31 March 2017.

110p dividend to be paid on 3 July 2017:
• Ex-dividend date: 15 June 2017;
• Record date: 16 June 2017; and
• Payment date: 3 July 2017.