REG-Intu Properties Plc: Confirmation of Scrip Dividend Alternative
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INTU PROPERTIES PLC (the "Company") CONFIRMATION OF OFFER OF SCRIP DIVIDEND ALTERNATIVE TO THE CASH 2012 FINAL DIVIDEND On 27 February 2013, the Directors announced a final dividend for 2012 of 10.0 pence per ordinary share payable on 4 June 2013 (the "Dividend"). 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 Dividend, and the Dividend will therefore be paid as follows: * If taken in cash, the Dividend will be wholly paid as a Property Income Distribution ("PID") which will be subject to deduction of a 20 per cent UK withholding tax unless exemptions apply * Shareholders who make an election to receive shares will receive shares based on 8.5 pence being paid as a PID, and 1.5 pence being paid as a non-PID. The PID element will be subject to deduction of a 20 per cent UK withholding tax unless exemptions apply. The non-PID element will be treated as an ordinary UK company 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.intugroup.co.uk. Hard copies can be requested via the website or by contacting the Company (email firstname.lastname@example.org or telephone +44 (0)20 7960 1236). 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.intugroup.co.uk/investors/shareholders-bondholders/ dividends/2012-final-dividend/ Shareholders holding their shares in dematerialised 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 5 April 2013 announced Scrip price calculation period - average of five 5 - 11 April 2013 inclusive dealing dates on each exchange Currency Conversion Date (sterling/Rand) Thursday 11 April 2013 Sterling/Rand conversion rate and dividend Friday 12 April 2013 amount in SA currency announced Scrip price and scrip ratio announced Friday 12 April 2013 Ex-dividend date (SA) Monday 22 April 2013 Ex-dividend date (UK) Wednesday 24 April 2013 Record Date (both UK and SA) Friday 26 April 2013 Last date for receipt of Tax Exemption Friday 26 April 2013 Declaration Forms to permit dividend to be paid gross (UK Shareholders only) *Election Date for scrip alternative (SA) (by Friday 26 April 2013 noon) *Election Date for scrip alternative (UK)(by Friday 3 May 2013 close of business) Dividend payment date (UK & SA) Tuesday 4 June 2013 CREST (UK register) and CSDP (SA register) Tuesday 4 June 2013 accounts credited and share certificates issued to certificated shareholders First day of dealings and admission to the Tuesday 4 June 2013 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 19 April 2013 and that no dematerialisation or rematerialisation of shares will be possible from 22 April to 26 April 2013 inclusive. No transfers between the UK and South African registers may take place from 11 April to 28 April 2013 (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. 5 April 2013 END