Dividend Currency Exchange Rates

Virgin Money UK PLC

01 July 2024

 

Virgin Money UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

01 July 2024

Dividend Currency Exchange Rates - FY 2024 Dividend

On 13 June 2024, Virgin Money UK PLC announced an interim ordinary dividend (the FY 2024 Dividend) in respect of the financial year ending 30 September 2024 of 2.0p per ordinary share in the Company (H1 2023:3.3p).

Except as otherwise defined in this announcement, capitalised terms in this announcement are defined in the Scheme Document published by the Company on 22 April 2024.

As referred to in the 13 June 2024 announcement, the FY 2024 Dividend will be paid to Virgin Money Shareholders entitled thereto in the same currency as dividend payments that such Virgin Money Shareholder would receive from the Company in the ordinary course and in accordance with any existing Electronic Payment Mandate held by Computershare at the

Record Date. Accordingly, such payments will be made to the Virgin Money Shareholders entitled to the relevant payment as follows:

(i)   to Virgin Money CDI Holders in respect of whom Computershare holds an Electronic Payment Mandate as at the Record Date, in either Australian Dollars, New Zealand Dollars or pounds sterling, as specified in such Electronic Payment Mandate;

(ii)  to Virgin Money CDI Holders in respect of whom Computershare does not hold an Electronic Payment Mandate as at the Record Date:

a.   where such Virgin Money CDI Holder has a registered address in the United Kingdom entered on the CDI Register, by cheque in pounds sterling;

b.   to all other Virgin Money CDI Holders, by cheque in Australian Dollars; and

(iii) to all Virgin Money Ordinary Shareholders (other than CDN, the holder of the Virgin Money Ordinary Shares underlying the Virgin Money CDIs as depositary nominee), Virgin Money Share Account Holders who hold Virgin Money Ordinary Shares through the Equiniti Nominee, and Virgin Money Share Plan Account Holders who hold Virgin Money Ordinary Shares through the Computershare Nominee, in pounds sterling.

Where the FY 2024 Dividend is to be paid to a Virgin Money shareholder in Australian Dollars (AUD) or New Zealand Dollars (NZD), currency conversions will be determined by reference to the AUD and NZD exchange rates applicable to pounds sterling at 11.00 (BST) on 1 July 2024.

This announcement confirms that the exchange rates applicable for the FY 2024 Dividend for AUD and NZD currency conversions are as follows:

GBP / AUD: 1.8972

GBP / NZD: 2.0779

The FY 2024 Dividend payment date is 30 July 2024.

Announcement authorised for release by Lorna McMillan, Group Company Secretary.

For further information, please contact:

Enquiries

Investors and Analysts
Richard Smith	07483 399303
Head of Investor Relations & Sustainability	[e-mail]
Company Secretary
Lorna McMillan	07834 585436
Group Company Secretary	[e-mail]
Media Relations
Press Office	0800 066 5998
	[e-mail]

 

END