Distribution information

From 2018 the Company’s distribution policy is that the Board intends to recommend to shareholders a distribution comprising (1) a fixed $1 billion base distribution and (2) a variable distribution representing a minimum payout of 25% of the free cash flow of the Group’s industrial businesses in the prior financial year. This will usually be payable in two equal instalments.

Every year the Board will review this policy based on prevailing circumstances and determine any distribution payable accordingly.

Distributions are declared and paid in US dollars; however, shareholders on the Jersey (principal) register may elect to receive their distribution payments in pounds sterling, euros or Swiss francs. Shareholders on the Johannesburg register will receive their distributions in South African Rand. 

Distributions have from the Company’s IPO in 2011 been effected as a reduction of the Company’s capital contribution reserves and have been paid free of Swiss withholding tax.  Shareholders should contact their tax advisor for advice on the tax treatment for them of receipt of a distribution.

Information on distributions on an annual basis is contained in the above tabs.

Please see tabs above.

For all distribution payment queries please contact the Company's registrar at:

Computershare Investor Services (Jersey) Ltd
13 Castle Street
St. Helier
Jersey
Channel Islands JE1 1ES

Shareholder helpline: +44 (0) 370 707 4040
Shareholder fax number: +44 (0) 370 873 5851
Shareholder contact form: www.investorcentre.co.uk/JE/CONTACTUS

JSE shareholders

Computershare Investor Services Limited
70 Marshall Street
Johannesburg
South Africa
Tel: +27 861 100 933
www.computershare.com/za/Pages/default.aspx

Distributions will be declared and paid in U.S. dollars, although shareholders on the Jersey register will be able to elect to receive their distribution payments in Pounds Sterling, Euros or Swiss Francs. Shareholders who formerly held shares through the Computershare Hong Kong nominee will receive distribution payments in US dollars unless they make an election to receive payments in Swiss francs, Sterling or Euros, or subscribe to the global payment service to elect to receive payments in the currency of their choosing (including Hong Kong Dollars), by the prescribed date. Elections will remain in place until revoked by the shareholder. 

Shareholders on the Johannesburg register will receive their distribution payments in South African Rand.

The distribution will be made from the capital contribution reserves of the Company in two equal tranches of $0.06 payable in the first six months of the 2021 financial year (H1) and second six months of the 2021 financial year (H2) in accordance with the timetable below. The process and payment of the additional distribution of $0.04 will be aligned with the H2 distribution timetable below.
 

For 2018 a total distribution of $0.20 per share will be made as approved by shareholders at the AGM on 2 May 2018. This will be payable in two equal parts in accordance with the record dates and timetables set out below: