Business
2018 Final Dividend Exchange Rate & Scrip Prices
2018 Final Dividend Exchange Rate & Scrip Prices.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n \nRNS Number : 6260V Capital & Counties Properties Plc 09 April 2019 \n\n \nCAPITAL & COUNTIES PROPERTIES PLC (the \"Company\" or \"Capco\")\n \n2018 FINAL 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 2018 final dividend of 1.0 pence per ordinary share.\n \nExchange Rate for Final Dividend:\n \nThe Company confirms that the ZAR exchange rate for the 2018 final dividend of 1.0 pence per ordinary share to be paid on Thursday 16 May 2019 to all shareholders registered on Tuesday 23 April 2019 will be 18.39590 ZAR to 1 GBP, which is the rate determined on 8 April 2019. \n \nOn this basis, shareholders who hold their shares via the South African register will receive a cash dividend of 18.39590 ZAR cents per ordinary share. \n \nScrip Calculation Price:\n \nThe Scrip Calculation prices, which are based on the UK and SA prices of Capco shares for the period 2 April 2019 to 8 April 2019 less the amount of the dividend, are as follows:\n \nUK (principal register): 244.02 pence (GBP)\nSouth Africa: 4,519.80410 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 is 850,820,151 ordinary shares of 25p each.\n \nUK (principal register): 1 new ordinary share for every 244.02 ordinary shares held\nSouth Africa: 1 new ordinary share for every 245.69627 ordinary shares held (4,519.80410 /18.39590...