REG-Cap Shop Ctrs Grp: Confirmation of Scrip Dividend Alternative

Fri Sep 28, 2012 5:30am EDT

* Reuters is not responsible for the content in this press release.

CAPITAL SHOPPING CENTRES GROUP PLC (the "Company")

CONFIRMATION OF OFFER OF SCRIP DIVIDEND ALTERNATIVE TO THE CASH 2012 INTERIM
DIVIDEND

 

On 26 July 2012, the Directors announced an interim dividend for 2012 of 5.0
pence per ordinary share payable on 20 November 2012 (the "Dividend"). The
Dividend will be paid totally as a Property Income Distribution ("PID") and
will be subject to a 20% UK withholding tax unless exemptions apply.

Subject to the terms of the scrip dividend scheme (the "Scheme") which was
approved by shareholders at the Company's 2012 AGM, the Directors are pleased
to offer a scrip dividend alternative for the 2012 Interim Dividend (the
"Dividend"). Shareholders will receive the Dividend in cash unless they elect
to receive shares instead. It is intended that the Scheme be offered for all
future dividends; the Board does however reserve the right to withdraw the
Scheme for any particular dividend at its discretion. A full description of the
terms of the Scheme are contained in the Scrip Dividend Booklet which is
available for viewing or download from the Company's website at 
www.capital-shopping-centres.co.uk. Hard copies can be requested via the
website or by contacting the Company (email feedback@capshop.co.uk or telephone
+44 (0)20 7960 1236).

South African shareholders should note that since publication of the Booklet on
7 March 2012, further clarification of the anticipated South African tax
treatment of both cash and scrip dividends has been obtained. The current
version of the booklet, available as stated above, contains updated guidance.

Election forms for the Scrip Dividend will be posted to certificated
shareholders as soon as practicable. Further forms for certificated
shareholders are available from our Registrars:

UK Shareholders:

Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU
(Tel: 0871 664 0300 (calls cost 10p per minute plus network extras), or +44 20
8 639 3399, if calling from outside UK).

SA Shareholders:

Computershare Investor Services (Pty) Ltd., 70 Marshall Street, Johannesburg
2001, South Africa (postal address: PO Box 61763, Marshalltown 2107, South
Africa)

(Tel: +27 (0)11 370 5000).

or by download from www.capital-shopping-centres.co.uk/investors/
shareholder_info/dividends

Shareholders holding their shares in dematerialized form through CREST in the
UK or Strate in SA and who wish to make a scrip election should contact their
CREST service provider, CSDP, Broker or Nominee as applicable. Additional
information is contained in the Booklet.

A timetable of events in relation to the Dividend is set out below. The events
shown in italics apply specifically to the scrip alternative to the Dividend.

Confirmation and timetable of scrip alternative        Friday 28 September 2012
announced                                                                      
                                                                               
Scrip price calculation period - average of five       28 September - 4 October
dealing dates on each exchange                                   2012 inclusive
                                                                               
Currency Conversion Date (sterling/Rand)                Thursday 4 October 2012
                                                                               
Sterling/Rand conversion rate and dividend amount         Friday 5 October 2012
in SA currency announced                                                       
                                                                               
Scrip price and scrip ratio announced                     Friday 5 October 2012
                                                                               
Ex-dividend date (SA)                                    Monday 15 October 2012
                                                                               
Ex-dividend date (UK)                                 Wednesday 17 October 2012
                                                                               
Record Date (both UK and SA)                             Friday 19 October 2012
                                                                               
Last date for receipt of Tax Exemption Declaration       Friday 19 October 2012
Forms to permit dividend to be paid gross (UK                                  
Shareholders only)                                                             
                                                                               
*Election Date for scrip alternative (SA) (by            Friday 19 October 2012
noon)                                                                          
                                                                               
*Election Date for scrip alternative (UK)(by close       Friday 26 October 2012
of business)                                                                   
                                                                               
Dividend payment date (UK & SA)                        Tuesday 20 November 2012
                                                                               
CREST (UK register) and CSDP (SA register)             Tuesday 20 November 2012
accounts credited and share certificates issued to                             
certificated shareholders                                                      
                                                                               
First day of dealings and admission to the             Tuesday 20 November 2012
official list of the UK Listing Authority and the                              
JSE for New Ordinary Shares under the Scrip                                    
Dividend Scheme                                                                

SA Shareholders should note that, in accordance with the requirements of
Strate, the last day to trade cum-dividend will be 12 October 2012 and that no
dematerialisation or rematerialisation of shares will be possible from 15
October to 19 October 2012 inclusive. No transfers between the UK and South
African registers may take place from 4 October to 21 October 2012 (both days
inclusive).

*Earlier election dates apply where shares are held indirectly; shareholders
should contact their CREST service provider, CSDP, broker or nominee as
applicable.

28 September 2012



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