Capital & Counties Properties Plc Scrip dividend circulars and dividend taxes (3510J)
20 Agosto 2021 - 07:00AM
UK Regulatory
TIDMCAPC
RNS Number : 3510J
Capital & Counties Properties Plc
20 August 2021
20 August 2021
CAPITAL & COUNTIES PROPERTIES PLC (the "Company")
SCRIP DIVIDEND CIRCULARS
Capital & Counties Properties PLC has today published scrip
dividend circulars for those shareholders holding their shares on
the UK share register, and those shareholders holding their shares
on the South African share register.
The circulars explain the terms of the scrip dividend
alternative being offered in respect of the 2021 interim dividend,
and how shareholders may elect to receive the scrip dividend
alternative. Shareholders may elect to receive the scrip dividend
alternative in respect of the whole of the cash dividend they would
otherwise receive. It is not possible to elect to receive the scrip
dividend alternative in respect of part of a shareholder's
shareholding, or solely the PID or non-PID element of the 2021
interim dividend.
Copies of the circulars have been submitted to the National
Storage Mechanism and will shortly be available for inspection
at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The circulars may also be viewed on the Company's website
at:
http://www.capitalandcounties.com/
PID, NON-PID and WITHHOLDING TAXES
The 2021 interim dividend of 0.5 pence per ordinary share will
be split equally between a PID and 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. SA dividends tax will also apply,
where applicable. Details of the split (per ordinary share), and
withholding taxes are set out below:
UK (p) SA (ZAR cents)
--------------------------------
Total (gross) 0.50 10.21395
------- ---------------
PID (gross) 0.25 5.10698
------- ---------------
UK withholding tax (20%) 0.05 1.02140
------- ---------------
PID (net of UK withholding
tax) 0.20 4.08558
------- ---------------
Less effective 5% SA dividends
tax for SA shareholders,
where applicable* - 0.25535
------- ---------------
Net PID payable 0.20 3.83023
------- ---------------
Non-PID 0.25 5.10698
------- ---------------
Less SA withholding tax (20%) - 1.02140
------- ---------------
Net Non-PID payable 0.25 4.08558
------- ---------------
* where the 20% SA dividends tax rate applies, this will be
1.02140 ZAR cents per ordinary share, and after UK withholding tax
and SA Dividends Tax have been withheld, the net interim dividend
will be 7.14977 ZAR cents per ordinary share (Note this figure is a
correction to the figure of 7.35404 ZAR cents included in the
announcement dated 17 August 2021).
Additional information relating to the 2021 interim dividend
(including application of SA dividends tax) is set out in the
Company's interim results published on 27 July 2021 and the
announcement regarding the exchange rate and scrip calculation
prices published on 17 August 2021.
The information in these announcements 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.
Enquiries:
Ruth Pavey
Company Secretary
Capital & Counties Properties PLC
Tel: + 44 (0) 20 3214 9170
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END
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