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Dividend
Introduction Distributions on the Ordinary Shares are expected to be paid twice a year, normally in respect of the six months to 30 June and 31 December and are expected to be made by way of dividend.
The Company may also make distributions by way of capital distributions (or otherwise in accordance with the Laws and its Articles) as well as, or in lieu of, by way of dividends, if and to the extent that the Directors consider this appropriate.
The Directors intend that the Company will generally restrict distributions (by way of dividend or otherwise) to a level not greater than Distributable Cash Flows, and dividends to the level of income from the Group's investments, as recognised in the relevant financial period.
The Directors reserve the right to amend the Distribution Policy from time to time including smoothing dividends where appropriate through the use of capital distributions and borrowings.
31 December 2007 Dividend
Amount: To be advised 5 March 2008
Ex-dividend: 12 March 2008
Record date: 14 March 2008
Payment date: 2 April 2008
30 June 2007 Dividend*
Amount: 3.35 pence
Ex-dividend: 26 September 2007
Record date: 28 September 2007
Payment date: 26 October 2007
*Note: This dividend covered the period from listing 9 November 2006 to 30 June 2007.