Dividend Information
What dividends has Genel paid?
Since launch in 2019 Genel has paid $177 million to shareholders in dividends, totalling 64 cents, over 50p per share. The dividends paid are as followed:
- 2019: Final: 10 cents, interim: 5 cents
- 2020: Final: 10 cents, interim: 5 cents
- 2021: Final: 10 cents, interim: 6 cents
- 2022: Final: 12 cents, interim: 6 cents
How will the dividend be taxed?
Under Jersey law, this payment to shareholders arising from a debit to the share premium account is considered to be a ‘distribution’. Shareholders should take advice as to what is the appropriate tax treatment for this distribution.
What currency will shareholders receive?
Distributions are converted into Pounds Sterling at the prevailing spot rate.
Shareholders who would prefer to receive payment directly into their bank account are advised to complete the bank mandate form below and return to it our registrars before the record date: