Berkeley Group Holdings (The) PLC Dividend Declaration (8600I)

TIDMBKG

RNS Number : 8600I

Berkeley Group Holdings (The) PLC

10 August 2023

The Berkeley Group Holdings plc

(the "Company")

DIVIDEND DECLARATION

The Directors of the Company are pleased to announce that an interim dividend of 59.30 pence per share will be paid on 8 September 2023 to shareholders on the Company's register of members at close of business on 18 August 2023. The ex-dividend date is 17 August 2023.

The target return under the ongoing Shareholder Returns Programme for the twelve months to 30 September 2023 is GBP282,727,790 ('Qualifying Return'). On 24 March 2023, a dividend of GBP75,225,652 (69.44 pence per share) was paid to shareholders on the Company's register of members at close of business on 3 March 2023. The table below sets out how the Qualifying Return is being satisfied:

 
 Qualifying Return                                 GBP282,727,790 
 Dividend paid on 24 March 2023 (69.44 pence       GBP75,225,652 
  per share) 
                                                  --------------- 
 Shareholder return satisfied through share        GBP144,433,244 
  buy-backs 
                                                  --------------- 
 Shareholder return to be satisfied as dividend    GBP63,068,894 
  to be paid 8 September 2023 
                                                  --------------- 
 Number of shares eligible for dividend *          106,361,588 
                                                  --------------- 
 Dividend per share now being declared             59.30 pence 
                                                  ---------------

* Excluding shares held in Treasury and by the Employee Benefit Trust

The Directors also confirm that the Company is on track to complete the next annual shareholder return of GBP282,727,790 by 30 September 2024 through a combination of dividends and share buy-backs. This amount will be increased appropriately in the event that any new shares are issued either from treasury or as newly listed shares. With 106,361,588 shares eligible for distributions, the annual shareholder return now represents GBP2.66 per share. The Company has determined that, going forward, at least GBP0.66 of the annual return will be paid as dividend, leaving up to GBP2.00 per share to be utilised for share buy-backs.

Ann Dibben

Company Secretary

The Berkeley Group Holdings plc

Tel: 01932 868555

Tim Robertson

Novella Communications

Tel: 020 3151 7008

   LEI:      2138009OQSSLVVHQAL78

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END

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