An interim dividend of 11.09p per share will be paid on 4 April 2017 to shareholders on the register on 3 February 2017. This represents an increase of 6%(1), in line with the previously announced sector-leading policy to grow the Group dividend by 4% above inflation per annum to 2020.

The Company is also offering a scrip dividend alternative.

(1) The RPI rate used is 2.0% as of September 2016.

Changes to the taxation of UK dividend income

Dividends paid on or after 6 April 2016 are no longer accompanied by a 10% tax credit. This has been replaced by a tax free dividend allowance, which applies to the first £5,000 of a person’s dividend income in the UK. Please refer to the UK Government’s guidance and, if you are in any doubt as to how the new regime affects your tax position, seek independent financial advice.

For dividends paid prior to 5 April 2016 you will have received a dividend tax voucher that stated the amount of tax credit paid on each dividend. From 6 April 2016, your dividend tax voucher will be replaced with a dividend confirmation. Please contact our Registrar, Capita Asset Services, if you have any questions regarding your dividend confirmation.