Dividend Declaration

RNS Number : 3748K

Virgin Money UK PLC

05 May 2022

 

Virgin Money UK PLC

(Company)

LEI:   213800ZK9VGCYYR6O495

5 May 2022

Dividend Declaration

As announced in the Virgin Money UK PLC 2022 Interim Financial Report published on 5 May 2022, the directors of the Company have approved an interim dividend (the Interim Dividend) in respect of the six months ended 31 March 2022 of 2.5p per ordinary share in the Company (H1 2021:nil).

The Company's financial results as at 31 March 2022 do not reflect this Interim Dividend.

Shareholders and CDI holders are entitled to the Interim Dividend, which shall be paid on 21 June 2022 to shareholders on the register of members as at close of business in London on 20 May 2022 and to CDI holders on the register of CDI holders as at close of business in Melbourne on 20 May 2022 (the Record Date). The ex-dividend date will be 19 May 2022.

No conversions (transmutations) of ordinary shares to CDIs will be processed between 17.00 (GMT) on 18 May 2022 and 08.00 (GMT) on 23 May 2022, and no conversions (transmutations) of CDIs to ordinary shares will be processed between 17.00 (AEDT) on 18 May 2022 and 08.00 (AEDT) on 23 May 2022.

The Interim Dividend will be paid to Australian resident CDI holders in Australian dollars and to New Zealand resident CDI holders in New Zealand dollars. All shareholders and other CDI holders will be paid their Interim Dividend in pounds sterling.

Currency conversions will be determined by reference to the Australian dollar and New Zealand dollar exchange rates applicable to pounds sterling at 11.00 (GMT) on 23 May 2022. All payments will be made in accordance with existing payment instructions held by Computershare, who administer the Company's share and CDI registers. We strongly encourage all shareholders and CDI holders to sign up to receive their dividends by direct credit rather than cheque. Shareholders and CDI holders who wish to amend their existing payment instructions must notify Computershare by the Record Date. Details of how to do this can be found on the Company's website http://www.virginmoneyukplc.com/investor-relations/shareholder-information/manage-your-shareholding/.

As the Company pays tax only in the UK, the Interim Dividend to be paid to CDI holders will be unfranked.

Tax consequences arising from the receipt of the Interim Dividend will be the responsibility of the shareholder or CDI holder to calculate and pay. If in doubt, or if further information is required regarding possible tax implications, shareholders or CDI holders should consult their legal, financial and / or taxation adviser.

The timetable is as follows:

Processing suspended for conversion of ordinary shares to CDIs	17.00 (GMT) 18 May 2022 to 08.00 (GMT) 23 May 2022
Processing suspended for conversion of CDIs to ordinary shares	17.00 (AEDT) 18 May 2022 to 08.00 (AEDT) 23 May 2022
Ex-dividend date	19 May 2022
Record Date for dividend (shareholders)	Close of business in London on 20 May 2022
Record Date for dividend (CDI holders)	Close of business in Melbourne on 20 May 2022
Interim Dividend payment date	21 June 2022

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	[e-mail]
Company Secretary
Lorna McMillan	07834 585436
Group Company Secretary	[e-mail]
Media Relations
Press Office	0800 066 5998
	[e-mail]

 

END

 

 

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