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Information on our current and past dividends

CURRENT DIVIDEND

DIVIDEND INFORMATION

An interim cash dividend per ordinary share (ISIN GB00B62G9D36) of 0.8 pence, was paid on Monday 19 September 2022 for shareholders who hold their shares on the South Africa register, and on Tuesday 20 September 2022 for shareholders who hold their shares on the UK register.

The change to the UK dividend payment date was as a result of the the UK bank holiday announced for Her Majesty Queen Elizabeth II’s State Funeral. 

The following were the salient dates for the payment of the interim dividend:

  • Tuesday, 2 August 2022 -  Interim dividend announced
  • Monday, 15 August 2022 -  Sterling/Rand exchange rate struck
  • Tuesday, 16 August 2022 -  Sterling/Rand exchange rate and dividend amount in Rand announced
  • Wednesday, 24 August 2022 -  Ordinary shares listed ex-dividend on the JSE, Johannesburg
  • Thursday, 25 August 2022 -  Ordinary shares listed ex-dividend on the London Stock Exchange
  • Friday, 26 August 2022 -  Record date for 2022 interim dividend in London and Johannesburg
  • Monday, 19 September 2022 -  Dividend payment date for shareholders on the South Africa Register
  • Tuesday, 20 September 2022 - Dividend payment date for shareholders on the UK register

South African shareholders should note that, in accordance with the requirements of Strate, the last day to trade cum-dividend was Tuesday 23 August 2022 and that no dematerialisation of shares was possible from Wednesday 24 August 2022 to Friday 26 August 2022 inclusive. No transfers between the UK and South Africa registers could take place from 24 August 2022 to 26 August 2022 inclusive. 

The interim dividend was paid wholly as a PID. There was no non-PID element of the interim dividend. As such, the entire interim dividend will be subject to deduction of a 20 per cent UK withholding tax unless exemptions apply.

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, as advised; otherwise the dividend will be paid after deduction of tax

South African shareholders

The interim 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 interim 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 interim dividend will be exempt from income tax but will constitute a dividend for 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 interim 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 and the effective UK withholding tax rate of 15 per cent) if the prescribed requirements for effecting the reduction are in place by the requisite date.

Non-PID: There is no non-PID element of the interim dividend. 

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.

Year No. Dividend UK Pence ZAR Cents Record Date Payment Date
 
2022 23 Interim* 0.8 15.84640 26/08/2022 19-20/09/20221
2022 - Total TBC TBC - -
2021 22 Final* 1.0 19.58630 10/06/2022 08/07/2022
2021 21 Interim* 0.5 10.21395 27/08/2021 23/09/2021
2021 - Total 1.5 29.80025 - -
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 - -

*The 2022 interim dividend will be paid wholly as a Property Income Distribution (“PID”). The 2021 final dividend and 2021 interim dividend were split equally between a PID and non-PID. No element of the 2019 Final dividend was a PID.

1 As a result of the UK bank holiday announced for Her Majesty Queen Elizabeth II's State Funeral, the payment date for the 2022 interim dividend is 19 September 2022 for shareholders who hold their shares on the South Africa register, and 20 September 2022 for shareholders who hold their shares on the UK register.

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.