Intu Properties plc: Confirmation of Offer of Scrip Dividend Alternative
Intu Properties plc: Confirmation of Offer of Scrip Dividend Alternative INTU PROPERTIES PLC (the "Company")
CONFIRMATION OF OFFER OF SCRIP DIVIDEND ALTERNATIVE TO THE CASH 2013 INTERIM DIVIDEND
On 1 August 2013, the Directors announced an interim dividend for 2013 of 5.0 pence per ordinary share payable on 19 November 2013 (the "Dividend"). 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 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 the full 5.0 pence dividend being paid as a non-PID. As a non-PID, this will be treated as an ordinary UK company dividend
Shareholders will receive the Dividend in cash unless they elect to receive shares instead. It is intended that the Scheme be offered for all future dividends; the Board does however reserve the right to withdraw the Scheme for any particular dividend at its discretion. 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@example.com or telephone +44 (0)20 7960 1236).
Election forms for the Scrip Dividend will be posted to certificated shareholders as soon as practicable. Further forms for certificated shareholders are available from our Registrars:
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).
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 www.intugroup.co.uk/investors/shareholders-bondholders/ dividends/2013-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 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 Friday 27 September 2013 announced
Scrip price calculation period - average of five 27 September - 3 October dealing dates on each exchange 2013 inclusive
Currency Conversion Date (sterling/Rand) Thursday 3 October 2013
Sterling/Rand conversion rate and dividend amount Friday 4 October 2013 in SA currency announced
Scrip price and scrip ratio announced Friday 4 October 2013
Ex-dividend date (SA) Monday 14 October 2013
Ex-dividend date (UK) Wednesday 16 October 2013
Record Date (both UK and SA) Friday 18 October 2013
Last date for receipt of Tax Exemption Declaration Friday 18 October 2013 Forms to permit dividend to be paid gross (UK Shareholders only)
*Election Date for scrip alternative (SA) (by Friday 18 October 2013 noon)
*Election Date for scrip alternative (UK)(by close Friday 25 October 2013 of business)
Dividend payment date (UK & SA) Tuesday 19 November 2013
CREST (UK register) and CSDP (SA register) Tuesday 19 November 2013 accounts credited and share certificates issued to certificated shareholders
First day of dealings and admission to the Tuesday 19 November 2013 official list of the UK Listing Authority and the JSE for New Ordinary Shares under the Scrip Dividend Scheme
SA Shareholders should note that, in accordance with the requirements of Strate, the last day to trade cum-dividend will be 11 October 2013 and that no dematerialisation or rematerialisation of shares will be possible from 14 October to 18 October 2013 inclusive. No transfers between the UK and South African registers may take place from 3 October to 20 October 2013 (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.
27 September 2013
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