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:
Historic Scrip Dividends
The table below gives details of past dividends on which the Scrip Scheme was offered.
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.