Business
2014 Interim Dividend Exchange Rate & Scrip Prices
2014 Interim Dividend Exchange Rate & Scrip Prices.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n \nRNS Number : 8599P Capital & Counties Properties Plc 22 August 2014 \n \n\nCAPITAL & COUNTIES PROPERTIES PLC (the \"Company\")\n \n2014 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 2014 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 2014 interim dividend of 0.5 pence per ordinary share to be paid on 26 September 2014, to all shareholders registered on 5 September 2014, will be 17.6975 ZAR to 1 GBP. \n \nOn this basis, shareholders who hold their shares via the South African register will receive a cash dividend of 8.84875ZA cents per ordinary share. \n \nScrip Calculation Price\n \nThe Scrip Calculation prices are as follows:\n \nUK (principal register): 337.82 pence (Sterling)\nSouth Africa: 6,000.15125 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 675.64 ordinary shares held\nSouth Africa: 1 new ordinary share for every 678.07897 ordinary shares held (6,000.15125/8.84875 = 678.07897)\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 an \"evergreen elec...