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 have now increased this commitment by a further £860m (£2.80 per share), meaning that a total of £2.76bn of capital (£9.00 per share) 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

30 June 2017

6 July 2017

110

110*

 

6 July 2018

-

110*

30 June 2019

5 July 2019

110

110*

30 June 2020

6 July 2020

115

110*

30 June 2021

6 July 2021

115

110*

Total

620

900

*   Current anticipated profile of payments.

▲ Paid by a B/C Share Issue.

‡   Paid as an Interim Dividend.