Financial calendar

The Board is responsible for setting the Company’s dividend policy. Each dividend proposal considered by the Board is determined on its own merits and reflects business performance over time. In assessing the level of dividend that is appropriate, the Board not only considers the results and position of the business for the financial year in question, but reviews mid-term projections and downside sensitivities for a three-year period as used in the Viability Assessment for the relevant financial year-end.

As announced at the Hunting 2030 Strategy in September 2023, the Company is seeking to return cash to shareholders, primarily through dividend distributions, with the Board targeting a steady increase to 2030 by a minimum of 10% p.a. The Group’s current practice is to declare dividends in US dollars, but pay in Sterling. The Sterling value of the dividend payable per share is fixed and announced approximately two weeks prior to the payment date, and is determined by taking the average US dollar/Sterling spot exchange rate over three business days preceding the announcement date. The Company normally pays dividends semi-annually.