Dividend Payments

On the 18th December 2015, an interim dividend of 4.73 cent was paid to shareholders.

Dividend History

The following is the dividend history of the Company since July 2011:

Dividends Final - FYE 28/02/11 Interim – FYE 29/02/12 Final - FYE 29/02/12 Interim – FYE 28/02/13 Final - FYE 28/02/13 Interim – FYE 28/02/14 Final – FYE 28/02/2014 Interim – FYE 28/02/15 Final – FYE 28/02/2015 Interim – FYE 29/02/2016
Record date 27/05/11 28/10/11 25/05/12 02/11/12 24/05/13 08/11/13 30/05/2014 07/11/2014 22/05/2015 06/11/2015
Dividend per Share (€ cent) 3.30 3.67 4.50 4.00 4.75 4.30 5.70 4.50 7.00 4.73
Scrip price € 3.59000 2.89220 3.43890 3.77670 4.72070 4.40754 4.487060 3.687660 3.678460 3.666720
Scrip ratio (no DWT) 1 for every 108.787870 1 for every 78.806540 1 for every 76.420000 1 for every 94.417500 1 for every 99.383158 1 for every 102.500930 1 for every 78.720351 1 for every 81.948000 1 for every 52.549429 1 for every 77.520507
Scrip ratio (DWT) 1 for every 135.984848 1 for every 98.508174 1 for every 95.525000 1 for every 118.021875 1 for every 124.228947 1 for every 128.126163 1 for every 98.400439 1 for every 102.435000 1 for every 65.686786 1 for every 96.900634

Methods of Payment

Dividends will normally be paid by cheque sent on the payment date to the registered address of the shareholder. Shareholders who wish to have their dividend paid direct to a bank account, by electronic funds transfer, should complete the required dividend mandate form and submit it to the Company’s Registrars. The mandate form appears on the back of the dividend voucher. Alternatively the dividend bank-payment mandate form can be downloaded from the Shareholder Services section. Tax vouchers will be sent to the shareholder’s registered address under this arrangement.

Currency of payment

Dividends are generally paid in euro. However, for non-Crest shareholders with registered addresses in the United Kingdom, dividends are paid in sterling, unless otherwise requested. If you are a UK-registered shareholder and wish to have your dividend paid in euro, please complete a currency election form which can be found on our shareholders service pages. Dividend payments to Crest shareholders are paid in euro unless they elect for sterling via the Crest system. Personal Crest members should contact their Crest sponsor in order to make a sterling currency election.

Scrip dividend alternative

The Company normally offers shareholders the opportunity to elect to receive a scrip dividend in lieu of cash payment in respect of each dividend. This enables shareholders to increase their shareholding in the Company in cost effective manner by acquiring additional shares instead of receiving the cash dividend. For further information see the Rules of the Scrip Dividend Scheme.

Details of the scrip dividend alternative available in respect of the latest dividend are available here. Scrip dividend election and mandate forms are available here.

Shareholders whose shares are held in Crest should note that an election for a scrip dividend cannot be made through Crest but can only be made by the completion and return of an election and mandate form.

Dividend Withholding Tax (DWT)

Irish Dividend Withholding Tax (DWT) will be deducted from dividends paid by the Company, unless a shareholder is entitled to an exemption and has submitted a properly completed exemption form to the Company’s Registrars. DWT applies to dividends whether paid by way of cash or by way of shares under the scrip dividend scheme and is deducted at the standard rate of Income Tax (currently 20%). Where a shareholder elects to receive a scrip dividend, the DWT is deducted by way of an adjustment to the number of scrip shares issue in lieu of the cash dividend.

Shareholders who are not resident in Ireland and certain Irish companies, trusts, pension schemes, investment undertakings and charities may be entitled to claim exemption from DWT. Individuals who are resident in Ireland for tax purposes are not entitled to an exemption. Further information and copies of exemption forms click here. Shareholders should note that DWT will be deducted from dividends in cases where a properly completed form has not been received by the record date for a dividend. For DWT forms click here.

The Company and the Registrars cannot give tax advice. If you are in any doubt about your position, you should consult a financial or tax adviser.

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