Dividend 2002
2002 Final Dividend of 20US cents/share was paid on 23 May 2003
| Description | Date |
|---|---|
| Posting of Annual Report and currency election forms | 4 April 2003 |
| Ex-Dividend date | 30 April 2003 |
| Deadline for return of currency election forms | 2 May 2003 |
| Record date | 2 May 2003 |
| AGM | 8 May 2003 |
| Applicable exchange rate date | 16 May 2003 |
| Payment date | 23 May 2003 |
EXCHANGE RATES FOR RECLAIM OF THE SWISS WITHHOLDING TAX for dividend payment of 23 May 2003
For the purpose of the reclaim of Swiss withholding tax the Swiss tax authorities require that the gross amount of the dividend is reflected in Swiss Francs. The relevant foreign exchange rates agreed with the Swiss tax authorities that have to be applied for claiming the refund are as follows:
| GBP/CHF | USD/CHF | EUR/CHF |
|---|---|---|
| £1 = CHF2.1232 | USD1 = CHF1.3069 | EUR1=CHF1.5083 |
DIVIDEND EXCHANGE RATES for divident paymend of 23 May 2003
As Xstrata publishes its accounts in US dollars, the dividend payable on 23rd May 2003 will be paid in US dollars. The company has made arrangements for shareholders who so elected prior to 2nd May to receive this dividend in pounds sterling, Euros or Swiss Francs. The pound sterling, Euro or Swiss Franc amount payable will be determined by reference to the closing mid exchange rates applicable to the US dollar on Friday 16th May, being 7 days prior to the dividend payment date.
These rates are noted below and were published in the Financial Times on Saturday 17th May 2003:
| USD/GBP | USD/CHF | USD/EUR |
|---|---|---|
| USD1.6246 = £1 | USD1 = CHF1.3069 | USD1.1541 = EUR1 |
Xstrata plc maintains a progressive dividend policy, which takes into account underlying growth in Group earnings, capital requirements and cash flows, while maintaining an appropriate level of dividend cover.
Interim and final dividends are generally paid in the approximate ratio of one-third and two-thirds of the total annual dividend. The Sterling, Euro or Swiss Franc amount payable will be determined by reference to the exchange rates applicable to the US dollar seven days prior to the dividend payment date. Dividends can be paid directly into a UK bank or building society account to shareholders who elect for their dividend to be paid in pounds sterling. Currency election and dividend mandate forms are available below.
Please feel free to contact us for any additional enquiries you may have.