https://www.rns-pdf.londonstockexchange ... 1-2-23.pdfTransition towards a payout ratio of 40-55% from 2022 onwards (3)
Dividends could be supplemented by buybacks or special dividends, over time and not in the near-term (65)
We will no longer offer a scrip dividend option, and will pay dividends entirely in cash
We will not be paying quarterly dividends during 2021 but will consider whether to announce an interim
dividend at 1H21 results (
66)
(3) We intend to transition towards a target payout ratio of between 40% and 55% of reported earnings per ordinary share
(‘EPS’) from 2022 onwards, with the flexibility to adjust EPS for non-cash significant items, such as goodwill or intangibles
impairments
(65) Should the Group find itself in an excess capital position absent compelling investment opportunities to deploy that excess
(66]The Group will review whether to revert to paying quarterly dividends at or ahead of its 2021 results announcement in
February 2022