Dividend policy

In light of the proposed Rights Issue, no final dividend is proposed in respect of 2016. We believe in balancing returns to shareholders with investment in the business to support future growth. We therefore intend to resume dividends in 2017 based on a dividend per share that is covered three times by underlying earnings per share. Thereafter we aim to bring dividend cover to more than two times in the medium term subject to prevailing market conditions.

Note dividend cover was three times in 2016 as no final dividend was declared.

Dividend payment dates

2016 Interim 2015 Final
Record date 04 Nov 2016 03 Jun 2016
Payment date 02 Dec 2016 06 Jul 2016

Please see the Dividend History page for further information as to dividend amounts paid.