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2019 Interim Dividend Exchange Rate & Scrip Prices
2019 Interim Dividend Exchange Rate & Scrip Prices.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n \nRNS Number : 4885J Capital & Counties Properties Plc 19 August 2019 \n\n \nCAPITAL & COUNTIES PROPERTIES PLC (the \"Company\")\n \n2019 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 2019 interim dividend of 0.5 pence per ordinary share.\n \nExchange Rate for Interim Dividend\n \nThe Company confirms that the ZAR exchange rate for the 2019 interim dividend of 0.5 pence per ordinary share to be paid on Friday 20 September 2019 to all shareholders registered on Friday 30 August 2019 will be 18.4736 ZAR to 1 GBP. \n \nOn this basis, shareholders who hold their shares via the South African register will receive a cash dividend of 9.23680 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 12 August 2019 to 16 August 2019 less the amount of the dividend, are as follows:\n \nUK (principal register): 186.56 pence (GBP)\nSouth Africa: 3,447.56320 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 851,302,398 ordinary shares of 25p each.\n \nUK (principal register): 1 new ordinary share for every 373.12 ordinary shares held\nSouth Africa: 1 new ordinary share for every 373.24216 ordinary shares held (3,447.56320 /9.23680 = 373.2...