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, by a further c. £77m (25p per share) on 24 February 2017 and by a further c. £1,170m (or £3.75 per share) on 26 February 2018. As a result the total value of the Capital Return Plan has been increased by 110% since its inception to £13.00 per share to 2021. 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 paid

 

29 March 2018

2 July 2018

-

-

125 paid

110 paidΩ

30 June 2019

3 April 2019

5 July 2019

-

110

125*

110*

30 June 2020

2 April 2020

6 July 2020

-

115

125*

110*

30 June 2021

6 July 2021

115

110*

Total

620

1300

* Current anticipated profile of payments.

▲ Paid by a B/C Share Issue.

‡ Paid as an Interim Dividend.

Ω Paid as a Final Dividend.

 

Please note the following:

125p interim dividend paid on 29 March 2018:
• Ex-dividend date: 8 March 2018; and
• Record date: 9 March 2018.

110p final dividend paid on 2 July 2018:
• Ex-dividend date: 14 June 2018; and
• Record date: 15 June 2018.