Business
2013 Interim Dividend
2013 Interim Dividend.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n \nRNS Number : 9064L Capital & Counties Properties Plc 16 August 2013 \n \n\nCAPITAL & COUNTIES PROPERTIES PLC (the \"Company\")\n \n2013 INTERIM DIVIDEND - EXCHANGE RATE AND SCRIP CALCULATION PRICES \n \nCapital & Counties Properties PLC confirms that SARB approval for the offering of a scrip dividend alternative has been obtained and accordingly shareholders are able to elect to receive new ordinary shares in the Company, credited as fully paid, in lieu of cash in respect of the 2013 interim dividend of 0.5 pence per ordinary share.\n \nExchange Rate for Interim Dividend\n \nThe Company confirms that the South African Rand exchange rate for the 2013 interim dividend of 0.5 pence per ordinary share to be paid on 25 September 2013, to all shareholders registered on 30 August 2013, will be 15.60 ZAR to 1 GBP. \n \nOn this basis, shareholders who hold their shares via the South African register will receive a cash dividend of 7.8 ZA cents per ordinary share. \n \nScrip Calculation Price\n \nThe Scrip Calculation prices are as follows:\n \nUK (principal register): 341.42pence (Sterling)\nSouth Africa: 5,242.04741 cents (South African Rand) \n \nThe same share prices will be used for calculating residual payments under the Scrip Dividend Scheme.\n \nScrip Ratio:\n \nUK (principal register): 1 new ordinary share for every 682.84 ordinary shares held\nSouth Africa: 1 new ordinary share for every 672.05736 ordinary shares held (5,242.04741 / 7.8 = 672.05736)\n \nAs no fraction of a share can be issued, the number of shares to be issued will be rounded down to the nearest whole number and any residual cash balance will be paid immediately to the relevant shareholder (unless a UK shareholder has made a...