SCRIP REFERENCE SHARE PRICE - 2019 INTERIM DIVIDEND
The Unite Scrip Dividend Scheme is being offered to shareholders in respect of this PID, with a Scrip Reference Share Price of 1067.60 pence. This Scrip Reference Share Price is calculated by taking the average of the closing middle market quotation for shares in the Company, derived from the London Stock Exchange Daily Official List, for the five consecutive dealing days from 19 September 2019 to 25 September 2019 (inclusive).
The deadline for application for the Scrip Scheme in respect of this dividend is 5 pm (London time) on 11 October 2019. The Scrip Circular and terms and conditions are available on the Company's website.
At the Company's Annual General Meeting held in May 2018, shareholders approved the implementation of a Scrip Dividend Scheme ("Scrip Scheme"). The Scrip Scheme provides shareholders with the opportunity to receive dividends as new ordinary shares instead of cash. This enables us to retain more cash for reinvestment into our business, which would otherwise be paid as cash dividends.
The Scrip Scheme Circular, the Mandate Form and the Guide to the Scrip Scheme, accessible through the links below, provide information on the Scrip Scheme and how to participate.
2019 Interim Dividend
The Company announced its half year results for the six months to 30 June 2019 on 23 July 2019 and declared an interim dividend of 10.25 pence per share (the "2019 Interim Dividend"), 9.0 pence of which will be paid as a Property Income Distribution ("PID") and the remaining 1.25 pence as Non Property Income Distribution (“Non-PID”).
The 2019 Interim Dividend will be paid in either cash or new ordinary shares on PID under the Scrip Scheme and in cash for non-PID on 1 November 2019 to shareholders on the register at the close of business on 20 September 2019. The timetable in relation to the 2019 Interim Dividend is shown below:
|23/07/2019||Announcement of 2019 Interim Dividend|
|19/09/2019 to 25/09/2019 (inclusive)||Scrip Reference Share Price calculation period|
|26/09/2019||Scrip Reference Share Price announcement date|
|11/10/2019||Final day to elect to participate in the Scrip Scheme|
|01/11/2019||Dividend payment date|
Historic Scrip Dividends
The table below gives details of past dividends on which the Scrip Scheme was offered:
|Dividend||Ex-Div Date||Record Date||Payment Date||PID (p)||Non-PID (p)||Total (p)|
|Final dividend period ended 30 Dec 2018||11 April 2019||12 April 2019||17 May 2019||16||3.5||19.5|
|Interim dividend period ended 30 June 2018||20 Sep 2018||21 Sep 2018||2 Nov 2018||6.5||3||9.5|
|Final dividend period ended 30 Dec 2017||12 April 2018||13 April 2018||18 May 2018||15.4||-||15.4|
If you have any questions about the Scrip Scheme then please contact the Company’s Registrar, Computershare Investor Services plc, on +44 0370 707 1376. The helpline is open between 8.00 a.m. and 6.30 p.m. (GMT), Monday to Friday excluding public holidays in England and Wales.