3rd Oct 2014 10:30
3 OCTOBER 2014
INTU PROPERTIES PLC (the "Company")
CONFIRMATION OF DIVIDEND PAYMENT DATE AND OFFER OF SCRIP DIVIDEND ALTERNATIVE TO THE CASH 2014 INTERIM DIVIDEND
On 31 July 2014, the Directors proposed an interim dividend for 2014 of 4.6 pence per share (the "Dividend"). We are pleased to announce that the Dividend will be paid on 25 November 2014. Subject to the terms of the scrip dividend scheme ("the Scheme") which was approved by shareholders at the Company's 2012 AGM, the directors are pleased to offer a scrip dividend alternative for the Dividend and that the Dividend will therefore be paid as follows:
· If taken in cash, the Dividend will be wholly paid as a Property Income Distribution ("PID") which will be subject to deduction of a 20 per cent UK withholding tax unless exemptions apply.
· Shareholders who make an election to receive shares will receive shares based on 2.3 pence being paid as a PID and 2.3 pence as a non-PID. The non-PID element will be treated as an ordinary UK company dividend
Shareholders will receive the Dividend in cash unless they elect to receive shares instead. A full description of the terms of the Scheme are contained in the Scrip Dividend Booklet which is available for viewing or download from the Company's website at www.intugroup.co.uk. Hard copies can be requested via the website or by contacting the Company (email [email protected] or telephone +44 (0)20 7960 1236).
Election forms for the scrip alternative to the Dividend will be posted to certificated shareholders as soon as practicable. Further forms for certificated shareholders are available from our Registrars:
UK Shareholders:
Capita Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU (Tel: 0871 664 0300 (calls cost 10p per minute plus network extras), or +44 20 8 639 3399, if calling from outside UK).
SA Shareholders:
Computershare Investor Services (Pty) Ltd., 70 Marshall Street, Johannesburg 2001, South Africa (postal address: PO Box 61763, Marshalltown 2107, South Africa)
(Tel: +27 (0)11 370 5000).
or by download from intugroup.co.uk/investors/shareholders-bondholders/dividends/2014-interim-dividend
Shareholders holding their shares in dematerialised form through CREST in the UK or Strate in SA and who wish to make a scrip election should contact their CREST service provider, CSDP, Broker or Nominee as applicable. Additional information is contained in the Scrip Dividend Booklet.
A timetable of events in relation to the Dividend is set out below. The events shown in italics apply specifically to the scrip alternative to the Dividend.
Confirmation and timetable of scrip alternative announced | Friday 3 October 2014 |
Scrip price calculation period - average of five dealing dates on each exchange | 3 October - 9 October 2014 inclusive |
Currency Conversion Date (sterling/Rand) | Thursday 9 October 2014 |
Sterling/Rand conversion rate and dividend amount in SA currency announced | Friday 10 October 2014 |
Scrip price and scrip ratio announced | Friday 10 October 2014 |
Ex-dividend date (SA) | Monday 20 October 2014 |
Ex-dividend date (UK) | Thursday 23 October 2014 |
Record Date (both UK and SA) | Friday 24 October 2014 |
Last date for receipt of Tax Exemption Declaration Forms to permit dividend to be paid gross (UK Shareholders only) | Friday 24 October 2014 |
*Election Date for scrip alternative (SA) (by noon) | Friday 24 October 2014 |
*Election Date for scrip alternative (UK)(by close of business) | Friday 31 October 2014 |
Dividend payment date (UK & SA) | Tuesday 25 November 2014 |
CREST (UK register) and CSDP (SA register) accounts credited and share certificates issued to certificated shareholders | Tuesday 25 November 2014 |
First day of dealings and admission to the official list of the UK Listing Authority and the JSE for New Ordinary Shares under the Scheme | Tuesday 25 November 2014 |
SA Shareholders should note that, in accordance with the requirements of Strate, the last day to trade cum-dividend will be 17 October 2014 and that no dematerialisation or rematerialisation of shares will be possible from 20 October to 24 October 2014 inclusive. No transfers between the UK and South African registers may take place from 8 October to 26 October 2014 (both days inclusive).
*Earlier election dates apply where shares are held indirectly; shareholders should contact their CREST service provider, CSDP, broker or nominee as applicable.
Related Shares:
INTU.L