Intu Properties plc Dividend exchange rate and SCRIP pricing amendment (8480B)

TIDMINTU

RNS Number : 8480B

Intu Properties plc

09 October 2015

9 OCTOBER 2015

2015 INTERIM DIVIDEND:

TIMETABLE, EXCHANGE RATE AND SCRIP CALCULATION PRICES

Intu issued an announcement earlier today, relating to the Scrip dividend calculations, which unfortunately contained an error. The number of shares required to be held for one new share is 89.55978 for the PID (net) and not 89.07568 as previously stated. The amended tables are set out below:

Shareholders who elect to take shares:

(a) Dividend equivalent values:

Shareholders who make an election to receive shares instead of the cash dividend will receive shares with a value equivalent to a dividend per ordinary share as follows:

 
                         UK Shareholders    SA Shareholders 
----------------------  ----------------  ------------------ 
 Gross amount of PID     GBP pence 4.60p   95.29590 ZA cents 
  element 
----------------------  ----------------  ------------------ 
 *Less 20% withholding   GBP pence 0.92p   19.05918 ZA cents 
  tax 
----------------------  ----------------  ------------------ 
 PID element (net)       GBP pence 3.68p   76.23672 ZA cents 
----------------------  ----------------  ------------------ 
 

*Certain categories of UK shareholder may apply for exemption, in which case the PID will be paid gross

(b) Share entitlement: Shareholders on the UK share register:

The price setting period for the Scrip price calculation was 2 October to 8 October 2015 inclusive. Based on the average middle market quotations for each day in the price setting period on the LSE less the gross amount of dividend as set out above, the Scrip Calculation Price applicable to UK shareholders is GBP pence 329.58. The scrip share allocation will be as follows:

 
                                 PID element 
------------------------  ------------------------ 
                           PID (Net)   PID (Gross) 
------------------------  ----------  ------------ 
 No. of shares required 
  to be held for one 
  new share                89.55978     71.64783 
------------------------  ----------  ------------ 
 

The number of shares to be allocated will be calculated by dividing the total value of the dividend otherwise receivable by the shareholder by the Scrip Calculation Price and rounding down to the nearest whole number. Any fractional entitlement, i.e. the total value of the dividend receivable less the value of the shares allocated, will be paid out as cash.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 09, 2015 09:41 ET (13:41 GMT)