Experian 2008 Annual Report Download - page 99

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97Experian Annual Report 2008
Introduction
2 – 5
Business review
6 – 37
Governance
38 – 64
Financial statements
Group financial statements
Financial statements
Group financial statements
14. Dividends
2008 2007
US cents US cents
per share US$m per share US$m
Amounts recognised and paid as distributions to equity holders
during the year:
First interim – paid in February 2008 (2007: February 2007) 6.5 66 5.5 55
Second interim – paid in August 2007 11.5 116 – –
Final – paid in August 2006 – – 40.3 346
Ordinary dividends paid on equity shares 18.0 182 45.8 401
Dividend in specie relating to the demerger of Home Retail Group – 5,627
Full year dividend for the year ended 31 March 18.5 17.0 170
A dividend of 12 US cents per ordinary share will be paid on 25 July 2008 to shareholders on the register at the close of
business on 27 June 2008 and is not included as a liability in these financial statements. This dividend, together with the first
interim dividend of 6.5 US cents per ordinary share paid in February 2008, comprises the full year dividend for the year ended
31 March 2008 of 18.5 US cents.
Unless shareholders elect by 27 June 2008 to receive US Dollars, their dividends will be paid in Sterling at a rate per share
calculated on the basis of the exchange rate from US Dollars to Sterling on 4 July 2008.
Pursuant to the Income Access Share arrangements put in place as part of the demerger, shareholders in the Company
are able to elect to receive their dividends from a UK source (the ‘IAS election’). Shareholders who held 50,000 or fewer
Experian shares (i) on the date of admission of the Company’s shares to the London Stock Exchange and (ii) in the case of
shareholders who did not own shares at that time, on the first dividend record date after they become shareholders in the
Company, unless they elect otherwise, will be deemed to have elected to receive their dividends under the IAS arrangements.
Shareholders who hold more than 50,000 shares and who wish to receive their dividends from a UK source must make an IAS
election. All elections remain in force indefinitely unless revoked. Unless shareholders have made an IAS election, or are
deemed to have made an IAS election, dividends will be received from an Irish source and will be taxed accordingly.
The Experian Group Limited Employee Share Trust and the GUS ESOP Trust have waived their entitlements to dividends in
the amount of US$2m (2007: US$4m). In the year ended 31 March 2007, the GUS ESOP Trust did not waive its entitlement to
the dividend in specie relating to the demerger of Home Retail Group.
The final dividend in respect of the year ended 31 March 2006, which was paid in August 2006, was received by shareholders of
GUS plc. The dividend in specie, which represented the net assets of Home Retail Group as at the date of the demerger, was
also received by shareholders of GUS plc.