Virgin Money UK PLC Dividend Declaration (9857G)

TIDMVMUK TIDM91XR

RNS Number : 9857G

Virgin Money UK PLC

21 November 2022

Virgin Money UK PLC

(Company)

   LEI:   213800ZK9VGCYYR6O495

21 November 2022

Dividend Declaration

As announced in the Virgin Money UK PLC 2022 Annual Report and Accounts published on 21 November 2022, the directors of the Company have recommended a final ordinary dividend (the Final Dividend) in respect of the year ended 30 September 2022 of 7.5p per ordinary share in the Company (2021:1p).

The payment of the Final Dividend is subject to approval by the Company's shareholders at the 2023 Annual General Meeting to be held on 21 February 2023. The Company's financial results as at 30 September 2022 do not reflect this recommended Final Dividend.

If approved, shareholders and CDI holders shall be entitled to the Final Dividend, which shall be paid on 15 March 2023 to shareholders on the register of members as at close of business in London on 10 February 2023 and to CDI holders on the register of CDI holders as at close of business in Melbourne on 10 February 2023 (the Record Date). The ex-dividend date will be 9 February 2023.

No conversions (transmutations) of ordinary shares to CDIs will be processed between 17.00 (GMT) on 8 February 2023 and 08.00 (GMT) on 13 February 2023, and no conversions (transmutations) of CDIs to ordinary shares will be processed between 17.00 (AEDT) on 8 February 2023 and 08.00 (AEDT) on 13 February 2023.

The Final 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 Final 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 13 February 2023, being one business day after the Record Date. 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 Final Dividend to be paid to CDI holders will be unfranked.

Tax consequences arising from the receipt of the Final 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       17.00 (GMT) 8 February 2023 
  of ordinary shares to CDIs                to 
                                            08.00 (GMT) 13 February 2023 
 Processing suspended for conversion       17.00 (AEDT) 8 February 2023 
  of CDIs to ordinary shares                to 
                                            08.00 (AEDT) 13 February 2023 
                                          ------------------------------- 
 Ex-dividend date                          9 February 2023 
                                          ------------------------------- 
 Record Date for dividend (shareholders)   Close of business in London 
                                            on 10 February 2023 
                                          ------------------------------- 
 Record Date for dividend (CDI             Close of business in Melbourne 
  holders)                                  on 10 February 2023 
                                          ------------------------------- 
 Final Dividend payment date               15 March 2023 
                                          -------------------------------

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    richard.smith@virginmoneyukplc.com 
                              ------------------------------------ 
 
 Company Secretary 
                              ------------------------------------ 
 Lorna McMillan                07834 585436 
                              ------------------------------------ 
 Group Company Secretary       lorna.mcmillan@virginmoneyukplc.com 
                              ------------------------------------ 
 
 Media Relations 
                              ------------------------------------ 
 Press Office                  0800 066 5998 
                              ------------------------------------ 
                               press.office@virginmoneyukplc.com 
                              ------------------------------------

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November 21, 2022 02:00 ET (07:00 GMT)

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