# Virgin Money recommends final dividend of 2p per ordinary share

- Link: https://www.directorstalkinterviews.com/virgin-money-recommends-final-dividend-of-2p-per-ordinary-share/4121133921
- Published: 2023-11-23T07:29:09+00:00
- Author: Amilia Stone

As announced in the** Virgin Money UK PLC **(LON:VMUK) 2023 Annual Report and Accounts
published on 23 November 2023, the directors of the Company have recommended a final
ordinary dividend (the Final Dividend) in respect of the year ended 30 September
2023 of 2p per ordinary share in the Company (2022:7.5p).

The payment of the Final Dividend is subject to approval by the Company’s shareholders
at the 2024 Annual General Meeting to be held on 1 March 2024. Virgin Money’s financial
results as at 30 September 2023 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 20 March 2024 to shareholders on the register of members 
as at close of business in London on 23 February 2024 and to CDI holders on the 
register of CDI holders as at close of business in Melbourne on 23 February 2024(
the Record Date). The ex-dividend date will be 22 February 2024.

No conversions (transmutations) of ordinary shares to CDIs will be processed between
17.00 (GMT) on 21 February 2024 and 08.00 (GMT) on 26 February 2024, and no conversions(
transmutations) of CDIs to ordinary shares will be processed between 17.00 (AEDT)
on 21 February 2024 and 08.00 (AEDT) on 26 February 2024.

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
26 February 2024, 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 Virgin Money UK 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 of ordinary shares to CDIs | 17.00 (GMT) 21 February 2024 to08.00 (GMT) 26 February 2024 | 
| Processing suspended for conversion of CDIs to ordinary shares | 17.00 (AEDT) 21 February 2024 to08.00 (AEDT) 26 February 2024 | 
| Ex-dividend date | 22 February 2024 | 
| Record Date for dividend (shareholders) | Close of business in London on 23 February 2024 | 
| Record Date for dividend (CDI holders) | Close of business in Melbourne on 23 February 2024 | 
| Final Dividend payment date | 20 March 2024 |

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