On 2 May 2014, the Company announced its intention to return funds of approximately $750 million to shareholders by way of a Special Dividend. On 6 June 2014, the details of the proposed Special Dividend, of US$2.93 (174.9 pence) per share to be accompanied by a Share Consolidation of 12 for 13 basis, were sent to all shareholders.
At a General Meeting of the Company held on 30 June 2014 shareholders approved the Share Consolidation and related matters. The record date for both the Special Dividend and the Share Consolidation was 6pm on 30 June 2014. The Share Consolidation was effective on 1 July 2014 and the Special Dividend, was paid on 14 July 2014.
Share repurchases under the $500 million share repurchase programme announced on 7 August 2012 began on 12 November 2012. As at 30 June 2014, 23,611,725 ordinary shares were purchased and cancelled under this programme. This programme was completed on 29 May 2014.
Last updated 19 August 2014