Business
Scrip dividend circulars and dividend taxes
Scrip dividend circulars and dividend taxes.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3510J\n Capital & Counties Properties Plc\n 20 August 2021\n \n \n \n \n 20 August 2021\n \n \n \n \n \n CAPITAL & COUNTIES PROPERTIES PLC (the \"Company\")\n \n \n \n \n \n SCRIP DIVIDEND CIRCULARS\n \n \n \n \n \n Capital & Counties Properties PLC has today published scrip dividend circulars for those shareholders holding their shares on the UK share register, and those shareholders holding \n their shares on the South African share register. \n \n \n \n \n \n The circulars explain the terms of the scrip dividend alternative being offered in respect of the 2021 interim dividend, and how shareholders may elect to receive the scrip dividend alternative. Shareholders may elect to receive the scrip dividend alternative in respect of the whole of the cash dividend they would otherwise receive. It is not possible to elect to receive the scrip dividend alternative in respect of part of a shareholder's shareholding, or solely the PID or non-PID element of the 2021 interim dividend.\n \n \n \n \n \n Copies of the circulars have been submitted to the National Storage Mechanism and will shortly be available for inspection at:\n \n \n \n \n \n \n https://data.fca.org.uk/#/nsm/nationalstoragemechanism\n \n \n \n \n \n \n \n The circulars may also be viewed on the Company's website at:\n \n \n \n \n \n \n http://www.capitalandcounties.com/\n \n \n \n \n \n \n \n \n \n PID, NON-PID and WITHHOLDING TAXES\n \n \n \n \n \n The 2021 interim dividend of 0.5 pence per ordinary share will be split equally between a PID and non-PID. The PID element will be subject to deduction of a 20 per cent UK withholding tax unless exemptions apply. The non-PID element will be treated as an ordinary UK company dividend. SA dividends tax will also apply, where applicable. Details of the split (per ordinary share), and withholding taxes are set out below:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n UK (p)\n \n \n \n \n SA (ZAR cents)\n \n \n \n \n \n \n Total (gross)\n \n \n \n \n 0.50\n \n \n \n \n 10.21395\n \n \n \n \n \n \n PID (gross)\n \n \n \n \n 0.25\n \n \n \n \n 5.10698\n \n \n \n \n \n \n UK withholding tax (20%)\n \n \n \n \n 0.05\n \n \n \n \n 1.02140\n \n \n \n \n \n \n PID (net of UK withholding tax)\n \n \n \n ...