Unknown Shareholder

It wasn't possible for me to ascertain easily from the accounts how many third-party suppliers we have who as creditors of the organization might consider themselves to be prejudiced?

Unknown Executive

So just to be clear, this capital reduction is at the plc Holdco. And therefore, it's not really an operating company. And so the creditors of the company are few and far between. So the creditors at large of our organization, whether they be insurance creditors or trading creditors are not impacted by this proposal.

Unknown Executive

Thank you. Other questions?

Unknown Shareholder

Yes. Thank you very much. Am I right in saying that the consolidated -- the company statement of equity on Page 236 is what is most pertinent here because that shows retained earnings down to GBP 1.4 billion. And given that our dividends are about GBP 1.2 billion, would this -- are we doing this purely so we can continue to pay dividends for the next year or 2? And the thing is if you're only moving GBP 1 billion or so into the retained earnings, what on earth is going to happen in 2 years' time when those retained earnings go to 0?

Unknown Executive

No, that's just -- this is not the consolidated balance sheet earnings. This is just the plc, the top company. And what we're doing, just to say, it's a regularly used mechanism by companies of our type. There are other companies in the sector, including insurance companies that have tied up their corporate balance sheet in this way, effectively through rights issues or buying back our own shares over many years, you create effectively these trapped reserves in the share premium account and the capital redemption account.