5th Apr 2013 11:40
Intu Properties plc - Confirmation of Scrip Dividend AlternativeIntu Properties plc - Confirmation of Scrip Dividend Alternative
PR Newswire
London, April 5
INTU PROPERTIES PLC (the "Company")
CONFIRMATION OF OFFER OF SCRIP DIVIDEND ALTERNATIVE TO THE CASH 2012 FINALDIVIDEND
On 27 February 2013, the Directors announced a final dividend for 2012 of 10.0pence per ordinary share payable on 4 June 2013 (the "Dividend"). Subject tothe terms of the scrip dividend scheme (the "Scheme") which was approved byshareholders at the Company's 2012 AGM, the Directors are pleased to offer ascrip dividend alternative for the Dividend, and the Dividend will therefore bepaid 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 8.5 pence being paid as a PID, and 1.5 pence being paid as a non-PID. The PID element will be subject to deduction of a 20 per cent UK withholding tax unless exemptions apply. The non-PID element will be treated as an ordinary UK company dividend.Shareholders will receive the Dividend in cash unless they elect to receiveshares instead. It is intended that the Scheme be offered for all futuredividends; the Board does however reserve the right to withdraw the Scheme forany particular dividend at its discretion. A full description of the terms ofthe Scheme are contained in the Scrip Dividend Booklet which is available forviewing or download from the Company's website at www.intugroup.co.uk. Hardcopies 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 Dividend will be posted to certificatedshareholders as soon as practicable. Further forms for certificatedshareholders are available from our Registrars:
UK Shareholders:
Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU(Tel: 0871 664 0300 (calls cost 10p per minute plus network extras), or +44 208 639 3399, if calling from outside UK).
SA Shareholders:
Computershare Investor Services (Pty) Ltd., 70 Marshall Street, Johannesburg2001, South Africa (postal address: PO Box 61763, Marshalltown 2107, SouthAfrica)
(Tel: +27 (0)11 370 5000).
or by download from www.intugroup.co.uk/investors/shareholders-bondholders/dividends/2012-final-dividend/
Shareholders holding their shares in dematerialised form through CREST in theUK or Strate in SA and who wish to make a scrip election should contact theirCREST service provider, CSDP, Broker or Nominee as applicable. Additionalinformation is contained in the Booklet.
A timetable of events in relation to the Dividend is set out below. The eventsshown in italics apply specifically to the scrip alternative to the Dividend.
Confirmation and timetable of scrip alternative Friday 5 April 2013announcedScrip price calculation period - average of five 5 - 11 April 2013 inclusivedealing dates on each exchange
Currency Conversion Date (sterling/Rand) Thursday 11 April 2013 Sterling/Rand conversion rate and dividend Friday 12 April 2013amount in SA currency announced Scrip price and scrip ratio announced Friday 12 April 2013 Ex-dividend date (SA) Monday 22 April 2013 Ex-dividend date (UK) Wednesday 24 April 2013 Record Date (both UK and SA) Friday 26 April 2013 Last date for receipt of Tax Exemption Friday 26 April 2013Declaration Forms to permit dividend to be paidgross (UK Shareholders only) *Election Date for scrip alternative (SA) (by Friday 26 April 2013noon) *Election Date for scrip alternative (UK)(by Friday 3 May 2013close of business) Dividend payment date (UK & SA) Tuesday 4 June 2013 CREST (UK register) and CSDP (SA register) Tuesday 4 June 2013accounts credited and share certificates issuedto certificated shareholders First day of dealings and admission to the Tuesday 4 June 2013official list of the UK Listing Authority andthe JSE for New Ordinary Shares under the ScripDividend SchemeSA Shareholders should note that, in accordance with the requirements ofStrate, the last day to trade cum-dividend will be 19 April 2013 and that nodematerialisation or rematerialisation of shares will be possible from 22 Aprilto 26 April 2013 inclusive. No transfers between the UK and South Africanregisters may take place from 11 April to 28 April 2013 (both days inclusive).
*Earlier election dates apply where shares are held indirectly; shareholdersshould contact their CREST service provider, CSDP, broker or nominee asapplicable.
5 April 2013
Related Shares:
INTU.L