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Information on our current and past dividends

CURRENT DIVIDEND

DIVIDEND INFORMATION

The Directors of Capital & Counties Properties PLC have proposed a final dividend of 1.0 pence per ordinary share (ISIN GB00B62G9D36) payable on 8 July 2022.

The following are the salient dates for the payment of the final dividend:

  • Wednesday, 23 February 2022 -  Proposed final dividend announced
  • Monday, 30 May 2022 - Sterling/Rand exchange rate struck
  • Tuesday, 31 May 2022 - Sterling/Rand exchange rate, dividend amount in Rand announced
  • Wednesday, 8 June 2022 - Ordinary shares listed ex-dividend on the JSE, Johannesburg
  • Thursday, 9 June 2022 - Ordinary shares listed ex-dividend on the London Stock Exchange
  • Friday, 10 June 2022 - Record date for final dividend in London and Johannesburg
  • Tuesday, 28 June 2022 - Annual General Meeting
  • Friday, 8 July 2022 - Dividend payment date for shareholders

The proposed final dividend is subject to approval at the Company’s Annual General Meeting, to be held on 28 June 2022.

South African shareholders should note that, in accordance with the requirements of Strate, the last day to trade cum-dividend will be 7 June 2022 and that no dematerialisation of shares will be possible from 8 June 2022 to 10 June 2022 inclusive. No transfers between the UK and South Africa registers may take place from close of business on 31 May 2022 to 10 June 2022 inclusive.

The dividend will be split equally between a Property Income Distribution (“PID”) and non-PID for tax purposes.  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.

The above dates are proposed and subject to change.

Dividends Paid Directly to your Bank Account

If you wish to have your dividends paid directly to your bank or building society, please complete a dividend payment mandate form which is available from the appropriate registrar, whose contact details are available here.

If you are a UK shareholder, you can utilise the online short portal, Signal Shares, to arrange for your cash dividends to be paid directly to your bank or building society.

Information for shareholders

The information below is included only as a general guide to taxation for shareholders based on Capco's understanding of the law and the practice currently in force. Any shareholder who is in any doubt as to their tax position should seek independent professional advice.

UK shareholders - PIDs

Certain categories of shareholders may be eligible for exemption from the 20 per cent UK withholding tax and may register to receive their dividends on a gross basis.  Further information, including the required forms, is available here, or on request from our UK registrars, Link Group, whose contact details are available here. Validly completed forms must be received by Link Group no later than the dividend Record Date for the particular dividend, as advised; otherwise the dividend will be paid after deduction of tax.

South African shareholders

The final dividend declared by the Company is a foreign payment and the funds are sourced from the UK.

PIDs: South African shareholders may apply to HMRC after payment of the PID element of the dividend for a refund of the difference between the 20 per cent UK withholding tax and the UK/South African double taxation treaty rate of 15 per cent. The PID element of the dividend will be exempt from South African (SA) income tax but will constitute a dividend for SA Dividends Tax purposes, as it will be declared in respect of a share listed on the exchange operated by the JSE.  SA Dividends Tax will therefore be withheld from the PID element of the final dividend at a rate of 20 per cent, unless a shareholder qualifies for an exemption and the prescribed requirements for effecting the exemption are in place by the requisite date. Certain shareholders may also qualify for a reduction of SA Dividends Tax liability to 5 per cent, (being the difference between the SA dividends tax rate of 20 per cent and the effective UK withholding tax rate of 15 per cent in terms of the UK/South African double taxation treaty) if the prescribed requirements for effecting the reduction are in place by the requisite date.

Non-PID: The non-PID element will be exempt from SA income tax but will constitute a dividend for SA Dividends Tax purposes, as it will be declared in respect of a share listed on the exchange operated by the JSE.  SA Dividends Tax will therefore be withheld from the non-PID element of the final dividend at a rate of 20 per cent, unless a shareholder qualifies for an exemption and the prescribed requirements for effecting the exemption are in place by the requisite date.

Other overseas shareholders:

Other non-UK shareholders may be able to make claims for a refund of UK withholding tax deducted pursuant to the application of a relevant double taxation convention. UK withholding tax refunds can only be claimed from HMRC, the UK tax authority.

Additional information on PIDs can be found here and within the rules of the Scrip Dividend Scheme, which can be found on the adjacent Dividend Information tab.

Year No. Dividend UK Pence ZAR Cents Record Date Payment Date
2021 22 Final* 1.0 TBC 10/06/2022 08/07/2022
2021 21 Interim* 0.5 10.21395 27/08/2021 23/09/2021
2021 - Total 1.5 TBC - -
2019 20 Final* 1.0 22.84680 17/04/2020 14/05/2020
2019 19 Interim 0.5 9.23680 30/08/2019 20/09/2019
2019 - Total 1.5 32.0836 - -
2018 18 Final 1.0 18.39590 23/04/2019 16/05/2019
2018 17 Interim 0.5 9.48810 31/08/2018 21/09/2018
2018 - Total 1.5 27.8840 - -
2017 16 Final 1.0 17.0439 20/04/2018 23/05/2018
2017 15 Interim 0.5 8.45600 08/09/2017 29/09/2017
2017 - Total 1.5 25.4999 - -
2016 14 Final 1.0 17.25140 21/04/2017 31/05/2017
2016 13 Interim 0.5 9.60000 09/09/2016 30/09/2016
2016 - Total 1.5 26.85140 - -
2015 12 Final 1.0 21.70580 27/05/16 21/06/16
2015 11 Interim 0.5 10.14865 04/09/15 25/09/15
2015 - Total 1.5 31.85445 - -
2014 10 Final 1.0 18.61730 29/05/14 19/06/15
2014 9 Interim 0.5 8.84875 05/09/14 26/09/14
2014 - Total 1.5 27.46605 - -
2013 8 Final 1.0 17.56761 23/05/14 19/06/14
2013 7 Interim 0.5 7.8 30/08/13 25/09/13
2013 - Total 1.5 25.36761 - -
2012 6 Final 1.0 13.961 24/05/13 20/06/13
2012 5 Interim 0.5 6.37195 24/08/12 18/09/12
2012 - Total 1.5 20.33295 - -
2011 4 Final 1.0 12.516 18/05/12 21/06/12
2011 3 Interim 0.5 5.7845 26/08/11 20/09/11
2011 - Total 1.5 18.301 - -
2010 2 Final 1.0 10.944 15/04/11 19/05/11
2010 1 Interim 0.5 5.476 08/10/10 27/10/10
2010 - Total 1.5 16.42 - -

*It is proposed that the 2021 final dividend will be split equally between a Property Income Distribution ("PID") and non-PID. The 2021 interim dividend was split equally between a PID and non-PID. No element of the 2019 final dividend was a PID.

Dividends Paid Directly to your Bank Account

If you wish to have your dividends paid directly to your bank or building society, please complete a dividend payment mandate form which is available from the appropriate registrar.

Scrip Dividend Scheme

The Capital & Counties Properties PLC 2020 Scrip Dividend Scheme was approved by shareholders at the 2020 Annual General Meeting. Further information on the Scrip Dividend Scheme is contained in the 2020 Scrip Dividend Scheme Booklet, which can be downloaded below.

Scrip Dividend Scheme Booklet 2020

Year

No. Dividend Calculation Price

Scrip Ratio

Record date Payment date
      UK Pence ZAR Cents UK SA    
2021 21 Interim 176.1 3,614.58605 1:391.33* 1:393.20799 27/08/2021 23/09/2021
2019 20 Final 154.40 3,425.08220 1:154.40 1:149.91518 17/04/2020 14/05/2020
2019 19 Interim 186.56 3,447.56320 1:373.12 1:373.24216 30/08/2019 20/09/2019
2018 18 Final 244.02 4,519.80410 1: 244.02 1: 245.69627 12/04/2019 16/05/2019
2018 17 Interim 257.72 4,751.31190 1:515.44 1:500.76537 31/08/2018 21/09/2018
2017 16 Final 267.06 4,484.3561 1: 267.06 1:263.10622 20/04/2018 23/05/2018
2017 15 Interim 268.24 4,512.54400 1:536.48 1:533.64995 08/09/2017 29/09/2017
2016 14 Final 294.24 4,931.54860 1:294.24 1:285.86367 21/04/2017 31/05/2017
2016 13 Interim 294.34 5,612.80000 1:588.68 1:584.66667 09/09/2016 30/09/2016
2015 12 Final 335.60 7,374.49420 1:335.60 1:339.74763 27/05/2016 21/06/2016
2015 11 Interim 469.78 9,463.05135 1:939.56  1:932.44435 04/09/2015 25/09/2015
2014 10 Final 415.58 7,744.38270 1:415.58 1:415.97776  29/05/2015 19/06/2015
2014 9 Interim 337.82 6000.15 1:675.64 1:678.08 05/08/2014 26/09/2014
2013 8 Final 346.54 6,124 1:346.54 1:348.59608 23/05/2014 19/06/2014 
2013 7 Interim 341.42 5,242.05 1:682.84 1:672.05736 30/08/2013 25/09/2013
2012 6 Final 316.92 4,446.27 1:316.92 1:318.47790 24/05/2013 20/06/2013
2012 5 Interim 217.02 2777.72 1:434.04 1:435.92935 24/08/2012 18/09/2012
2011 4 Final 197.54 2477.17 1:197.54 1:197.92026 18/05/2012 21/06/2012

*Or 1:352.2 where there is an exemption from UK withholding tax.

Previous documents relating to the Scrip Dividend Scheme

The 2017 Scrip Dividend Scheme, which was approved by shareholders at the 2017 Annual General Meeting, applied to scrip dividends from the 2017 interim dividend to the 2019 final dividend. The 2017 Scrip Dividend Scheme Booklet, plus additional older notices, can be downloaded below. Please note that references made within the Scrip Dividend Booklet to Capita Asset Services should now be read as Link Group.

Scrip Dividend Scheme Booklet 2017

Supplemental Notice - 1 April 2014

Supplemental Notice - 22 February 2013

Supplemental Notice - 14th August 2012

Supplemental Notice - 16 May 2012

Scrip Dividend Announcements

All past Scrip Dividend announcements for the Company can be accessed here.