Year ending 31 December 2012
On 7 August 2012, the Company announced its intention to return funds of approximately $500million to shareholders by way of a Special Dividend. On 14 September 2012 the details of the proposed Special Dividend, of US$1.72 (108.4 pence) per share to be accompanied by a Share Consolidation of 14 for 15 basis, were sent to all shareholders. At a General Meeting of the Company held on 8 October 2012 shareholders approved the Share Consolidation and related matters. The record date for both the Special Dividend and the Share Consolidation was 6pm on 8 October 2012. The Share Consolidation was effective on 9 October 2012 and the Special Dividend, was paid on 22 October 2012.
Share repurchases under the $500 million share repurchase programme announced on 7 August 2012 began on 12 November 2012. As at 31 December 2012, 4,143,960 ordinary shares were purchased and cancelled under this programme. This programme is ongoing.
Download Shareholder Circular and Notice of General Meeting: Special Dividend and Share Consolidation PDF (227Kb)