Business
2017 Interim Dividend Exchange Rate & Scrip Prices
2017 Interim Dividend Exchange Rate & Scrip Prices.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n \nRNS Number : 1740P Capital & Counties Properties Plc 29 August 2017 \n\n \nCAPITAL & COUNTIES PROPERTIES PLC (the \"Company\")\n \n2017 INTERIM DIVIDEND - EXCHANGE RATE AND SCRIP CALCULATION PRICES \n \nCapital & Counties Properties PLC confirms that exchange control approval for the offering of a scrip dividend alternative has been obtained from the South African Reserve Bank and shareholders are accordingly entitled to elect to receive new ordinary shares in the Company, credited as fully paid in lieu of cash, in respect of the 2017 interim dividend of 0.5 pence per ordinary share.\n \nExchange Rate for Final Dividend\n \nThe Company confirms that the ZAR exchange rate for the 2017 interim dividend of 0.5 pence per ordinary share to be paid on 29 September 2017 to all shareholders registered on 8 September 2017 will be 16.912 ZAR to 1 GBP. \n \nOn this basis, shareholders who hold their shares via the South African register will receive a cash dividend of 8.45600 ZAR cents per ordinary share. \n \nScrip Calculation Price\n \nThe Scrip Calculation prices are as follows:\n \nUK (principal register): 268.24 pence (GBP)\nSouth Africa: 4,512.54400 cents (ZAR) \n \nThe same share prices will be used for calculating residual payments under the Scrip Dividend Scheme.\n \nScrip Ratio:\n \nThe number of shares in issue as at the declaration date was 848,475,570 ordinary shares of 25p each.\n \nUK (principal register): 1 new ordinary share for every 536.48 ordinary shares held\nSouth Africa: 1 new ordinary share for every 533.64995 ordinary shares held (4,512.54400/8.45600 = 533.64995)\n \nAs no fraction of a share can be issued, the number of shares to be issued will be r...