Dividend ADRs

Next dividend

Type Announced Ex-dividend Record date Payment date Amount per ADR ($)
2021/22 interim 18 November 2021 2 December 2021 3 December 2021 19 January 2022 1.1573


Scrip dividend alternative

Announcement date Scrip reference price ($) Scrip election date for ADRs
9 December 2021 TBC 20 December 2021 (5pm London time)

The scrip dividend reference price is calculated as the average closing mid-market price of an ordinary share for the five dealing days commencing with, and including, the ex-dividend date. For ADR holders this is calculated by multiplying the reference share price for ordinary shares by five (as there are five ordinary shares underlying each ADR) and by the average US$ rate for the equivalent dealing days.


For further information on the scrip dividend scheme, including terms and conditions, please view the Scrip Dividend Scheme page, here.

 

Amendments to American Depositary Receipt (ADR) Deposit Agreement

The Company has amended the deposit agreement under which the American Depositary Shares (ADR)s representing its ordinary shares are issued to allow a fee of up to $0.05 per ADR to be charged for any cash distribution made to ADS holders, including cash dividends, in line with common market practice in order to cover costs associated with the management of the ADR programme.

ADR holders who receive a cash dividend will be charged a fee, which will be deducted by the Depositary from interim and final cash dividends prior to distribution of the cash dividend. 

 

ADR holders and stamp duty reserve tax (SDRT)

Previously, the ADR scrip reference price included a deduction of 1.5% SDRT but following a tax tribunal decision in 2012, HM Revenue & Customs no longer seek to impose 1.5% SDRT on issues of UK shares and securities to non-EU clearance services and depositary receipt systems. Any ADS holders who wish to seek a refund of SDRT that they have paid previously should speak to their tax advisor.

If you have an queries regarding your ADRs please contact The Bank of New York Mellon.

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