REG-Cap Shop Ctrs Grp: Confirmation of Scrip Dividend Alternative
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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 email@example.com 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 END
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