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 | 29 March 2019 2 July 2019 | - 110 | 125 paid‡ 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 2019:
• Ex-dividend date: 7 March 2019; and
• Record date: 8 March 2019.
110p Final Dividend to be paid on 2 July 2019:
• Ex-dividend date: 13 June 2019; and
• Record date: 14 June 2019.