Business
2015 Final Dividend Exchange Rate & Scrip Prices
2015 Final Dividend Exchange Rate & Scrip Prices.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n \nRNS Number : 2120Y Capital & Counties Properties Plc 13 May 2016 \n\nCAPITAL & COUNTIES PROPERTIES PLC (the \"Company\")\n \n2015 FINAL 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 2015 final dividend of 1.0 pence per ordinary share.\n \nExchange Rate for Final Dividend\n \nThe Company confirms that the South African Rand exchange rate for the 2015 final dividend of 1.0 pence per ordinary share to be paid on 21 June 2016, to all shareholders registered on 27 May 2016, will be 21.70580 ZAR to 1 GBP. \n \nOn this basis, shareholders who hold their shares via the South African register will receive a cash dividend of 21.70580 ZA cents per ordinary share. \n \nScrip Calculation Price\n \nThe Scrip Calculation prices are as follows:\n \nUK (principal register): 335.60 pence (Sterling)\nSouth Africa: 7,374.49420 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 335.60 ordinary shares held\nSouth Africa: 1 new ordinary share for every 339.74763 ordinary shares held (7,374.49420/21.70580 =339.74763)\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 \"ever...