Dividends

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.

Enhanced Scrip Dividend – 2023 Final Dividend

The Company has offered a regular Scrip Dividend Scheme since 2018 where participants in the scheme receive shares in the Company with a value equal to the relevant cash dividend for which a scrip dividend alternative is offered. To encourage greater shareholder participation in the Scrip Dividend Scheme and retain additional capital for investment in asset management and new development, the Board proposes to modify the terms and conditions of the Scrip Dividend Scheme to offer an enhanced scrip dividend alternative to the 2023 Final Dividend.

If approved by shareholders at the 2024 AGM, as an alternative to the cash 2023 Final Dividend, the Board intends to offer shareholders the option of electing to receive shares with a value (based on the Scrip Reference Share Price) of up to 5% more than the cash value of the 2023 Final Dividend of 23.6p per ordinary share held on the dividend record date.

You can read more about this in the Notice of 2024 Annual General Meeting

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.