Virgin Media 2008 Annual Report Download - page 84
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Cash Dividends
We commenced the payment of regular quarterly dividends in June 2006. During the years ended
December 31, 2008, 2007 and 2006, we paid the following dividends:
Per Share Total
Board Declaration Date Dividend Record Date Payment Date Amount
(in millions)
Year ended December 31, 2006:
May 18, 2006 ................ $0.01 June 12, 2006 June 20, 2006 £1.6
August 28, 2006 .............. 0.02 September 12, 2006 September 20, 2006 3.5
November 28, 2006 ............ 0.02 December 12, 2006 December 20, 2006 3.4
Year ended December 31, 2007:
February 27, 2007 ............. $0.02 March 12, 2007 March 20, 2007 £3.3
May 16, 2007 ................ 0.03 June 12, 2007 June 20, 2007 5.0
August 15, 2007 .............. 0.04 September 12, 2007 September 20, 2007 6.5
November 27, 2007 ............ 0.04 December 12, 2007 December 20, 2007 6.4
Year ended December 31, 2008:
February 6, 2008 .............. $0.04 March 12, 2008 March 20, 2008 £6.6
May 21, 2008 ................ 0.04 June 12, 2008 June 20, 2008 6.7
September 2, 2008 ............. 0.04 September 12, 2008 September 22, 2008 7.1
November 25, 2008 ............ 0.04 December 12, 2008 December 22, 2008 8.9
Future payments of regular quarterly dividends by us are at the discretion of the Board of
Directors and will be subject to our future needs and uses of cash, which could include investments in
operations, the repayment of debt, and share repurchase programs. In addition, the terms of our and
our subsidiaries’ existing and future indebtedness and the laws of jurisdictions under which those
subsidiaries are organized limit the payment of dividends, loan repayments and other distributions to us
under many circumstances.
Off-Balance Sheet Arrangements
As part of our ongoing business we have not participated in transactions that generate
relationships with unconsolidated entities or financial partnerships, such as entities frequently referred
to as special purpose entities, or SPEs, which would have been established for the purpose of
facilitating off-balance sheet arrangements or other contractually narrow or limited purposes. As of
December 31, 2008, we were not involved with any material unconsolidated SPEs.
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