9th Oct 2015 14:41
9 OCTOBER 2015
2015 INTERIM DIVIDEND:
TIMETABLE, EXCHANGE RATE AND SCRIP CALCULATION PRICES
Intu issued an announcement earlier today, relating to the Scrip dividend calculations, which unfortunately contained an error. The number of shares required to be held for one new share is 89.55978 for the PID (net) and not 89.07568 as previously stated. The amended tables are set out below:
Shareholders who elect to take shares:
(a) Dividend equivalent values:
Shareholders who make an election to receive shares instead of the cash dividend will receive shares with a value equivalent to a dividend per ordinary share as follows:
UK Shareholders | SA Shareholders | |
Gross amount of PID element | GBP pence 4.60p | 95.29590 ZA cents |
*Less 20% withholding tax | GBP pence 0.92p | 19.05918 ZA cents |
PID element (net) | GBP pence 3.68p | 76.23672 ZA cents |
*Certain categories of UK shareholder may apply for exemption, in which case the PID will be paid gross
(b) Share entitlement: Shareholders on the UK share register:
The price setting period for the Scrip price calculation was 2 October to 8 October 2015 inclusive. Based on the average middle market quotations for each day in the price setting period on the LSE less the gross amount of dividend as set out above, the Scrip Calculation Price applicable to UK shareholders is GBP pence 329.58. The scrip share allocation will be as follows:
PID element | ||
PID (Net) | PID (Gross) | |
No. of shares required to be held for one new share | 89.55978 | 71.64783 |
The number of shares to be allocated will be calculated by dividing the total value of the dividend otherwise receivable by the shareholder by the Scrip Calculation Price and rounding down to the nearest whole number. Any fractional entitlement, i.e. the total value of the dividend receivable less the value of the shares allocated, will be paid out as cash.
Related Shares:
INTU.L