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Dividends

Scrip Scheme

We are proposing a final dividend payment of 23.6p per share and subject to approval at Unite’s Annual General Meeting on 16 May 2024, the dividend will be paid in either cash or new ordinary shares (a ‘scrip dividend alternative’) on 24 May 2024 to shareholders on the register at close of business on 19 April 2024.

The Directors intend to propose an ‘Enhanced Scrip Dividend alternative’ at the 2024 Annual General Meeting. In offering the Enhanced Scrip Dividend, the Directors’ aim to encourage greater participation in the scrip scheme, and to retain additional capital in the business for investment in asset management and new development. The enhanced scheme would allow the scrip reference price to be set at a discount of up to 5% to the prevailing share price. If the shares are trading below 31 December 2023 NTA of 920p, the scrip will not be enhanced (i.e. 0% discount). The Company will engage with shareholders to gather feedback on the proposal and further detail will be provided in the notice of AGM.

2023 Final Dividend

The Company announced its results for the year ended 31 December 2023 on 27 February 2024 and declared a final dividend of 23.6 per share (the “2023 Final Dividend“), which will be fully paid as a Property Income Distribution (“PID“).

The 2023 Final Dividend will be paid in either cash or new ordinary shares under the Scrip Scheme on 24 May 2024 to shareholders on the register at the close of business on 19 April 2024. The timetable in relation to the 2023 Final Dividend is shown below:

DATE
EVENT
27 February 2024
Announcement of 2023 Final Dividend
18 April 2024
Ex-dividend Date
19 April 2024
Record Date
18 April 2024 to 24 April 2024 (inclusive)
Scrip Reference Share Price calculation period
25 April 2024
Scrip Reference Share Price announcement date
2 May 2024
Final day to elect to participate in the Scrip Scheme
24 May 2024
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)
2023
Interim dividend period ended 30 June 2023
14 September 2023
15 September 2023
27 October 2023
11.8
11.8
2022
Final dividend Period ended 31 December 2022
13 April 2023
14 April 2023
26 May 2023
21.7
21.7
Interim dividend period ended 30 June 2022
15 September 2022
16 September 2022
28 October 2022
11.0
-
11.0
2021
Final dividend Period ended 31 December 2021
14 April 2022
19 April 2022
20 May 2022
15.6
-
15.6
Interim dividend period ended 30 June 2021
16 September 2021
17 September 2021
29 October 2021
6.5
-
6.5
2020
Final dividend period ended 30 December 2020
15 April 2021
16 April 2021
21 May 2021
12.75
-
12.75
2019
Interim dividend period ended 30 June 2019
19 September 2019
20 September 2019
01 November 2019
9
1.25
10.25
2018
Final dividend period ended 30 December 2018
11 April 2019
12 April 2019
17 May 2019
16
3.5
19.5
Interim dividend period ended 30 June 2018
20 September 2018
21 September 2018
2 November 2018
6.5
3
9.5
2017
Final dividend period ended 30 December 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.