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Dividend Information

Information about Shaftesbury Capital’s dividends and historic Capco and Shaftesbury dividends can be found in the relevant tabs below.

For information on dividends paid to Capital & Counties Properties PLC shareholders prior to completion of the Merger, please refer to the ''Historic Capco Dividends'' tab.

For information on dividends paid to Shaftesbury PLC shareholders, please refer to the ''Historic Shaftesbury Dividends'' tab.

Shaftesbury Capital PLC paid an interim cash dividend of 1.5 pence per ordinary share (ISIN GB00B62G9D36) on 18 September 2023.

Dates

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

  • Thursday, 3 August 2023 - Interim cash dividend announced
  • Monday, 14 August 2023 - Sterling/Rand exchange rate struck
  • Tuesday, 15 August 2023 - Sterling/Rand exchange rate and dividend amount in Rand announced
  • Wednesday, 23 August 2023 - Ordinary shares listed ex-dividend on the JSE, Johannesburg
  • Thursday, 24 August 2023 - Ordinary shares listed ex-dividend on the London Stock Exchange
  • Friday, 25 August 2023 - Record date for interim dividend in London and Johannesburg
  • Monday, 18 September 2023 - Dividend payment date for shareholders

South African shareholders should note that, in accordance with the requirements of Strate, the last day to trade cum-dividend was Tuesday, 22 August 2023 and that no dematerialisation or rematerialisation of shares was possible from Wednesday 23 August 2023 to Friday 25 August 2023 inclusive. No transfers between the UK and South African registers were able to take place from close of business on 15 August 2023 to 25 August 2023 inclusive.

The interim cash dividend was paid wholly as an ordinary dividend (Non-PID). There was no PID element of the interim cash dividend. As such, the entire interim cash dividend should be treated as an ordinary UK company dividend and no element of the interim cash dividend is subject to a deduction of 20 per cent UK withholding tax.

Information for shareholders

The information below is included only as a general guide to taxation for shareholders based on Shaftesbury Capital'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

There was no PID element of the interim cash dividend. The entire interim cash dividend was paid as an ordinary dividend (Non-PID) and therefore treated as an ordinary UK company dividend.

South African shareholders

The interim cash dividend paid by the Company is a foreign payment and the funds are sourced from the UK.

PIDs: There was no PID element of the interim cash dividend.

Non-PID: The entire interim cash dividend was paid as an ordinary UK dividend (Non-PID), and as such the entire interim cash dividend is exempt from income tax but will constitute a dividend for SA Dividends Tax purposes, as it is declared in respect of a share listed on the exchange operated by the JSE. SA Dividends Tax was therefore withheld from the entire interim cash dividend at a rate of 20 per cent, unless a shareholder qualified for an exemption and the prescribed requirements for effecting the exemption were in place by the requisite date.

Additional information on PIDs and ordinary dividends (Non-PIDs) can be found here.

Information about Shaftesbury Capital PLC’s dividends can be found below:

Year No. Dividend UK Pence ZAR Cents Record Date Payment Date
  PID (gross)* Non-PID* PID (gross)* Non-PID*  
2023 25 Interim - 1.5 - 36.10725 25/08/2023 18/09/2023

*For further details related to the split (per ordinary share) of the PID and ordinary dividend (Non-PID) elements of any dividend (as applicable) and withholding taxes please refer to the exchange rate announcement released by the Company ahead of the dividend payment date. Such announcements are accessible here

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. The registrars contact details are available here.

Information on dividends paid to Capital & Counties Properties PLC shareholders up to 20 March 2023 can be found below.

Year No. Dividend UK Pence ZAR Cents Record Date Payment Date
  PID (gross)* Non-PID* PID (gross)* Non-PID*  
2022 24 Second Interim 0.7 1.0 15.23473 21.76390 03/03/2023 20/03/2023
2022 23 Interim 0.8   15.84640   26/08/2022 19-20/09/20221
2022   Total 1.5 1.0 52.84503    
2021 22 Final 0.5 0.5 9.79315 9.79315 10/06/2022 08/07/2022
2021 21 Interim 0.25 0.25 5.106975 5.106975 27/08/2021 23/09/2021
2021   Total 0.75 0.75 29.80025    
2019 20 Final   1.0   22.84680 17/04/2020 14/05/2020
Capco converted to a REIT on 9 December 2019
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    

*For further details related to the split (per ordinary share) of the PID and Non-PID elements of any dividend (as applicable) and withholding taxes please refer to the exchange rate announcement released by the Company ahead of the dividend payment date. Such announcements are accessible here.

** 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.

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

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.

Information on dividends paid to Shaftesbury PLC shareholders up to 15 February 2023 can be found below.

Year No. Dividend UK Pence Record Date Payment Date
  PID Ordinary  
2022 58 Interim 2.1 0.6 03/02/2023 15/02/2023
2022 57 Interim 5.1   09/12/2022 21/12/2022
2022 56 Interim 4.8   10/06/2022 01/07/2022
2022   Total 12.0 0.6    
2021 55 Final 2.75 1.25 14/01/2022 11/02/2022
2021 54 Interim 2.4   11/06/2021 02/07/2021
2021   Total 5.15 1.25    
2020            
2019 53 Final 5.25 3.75 17/01/2020 14/02/2020
2019 52 Interim 8.7   14/06/2019 05/07/2019
2019   Total 13.95 3.75    
2018 51 Final   8.5 18/01/2019 15/02/2019
2018 50 Interim 8.3   15/06/2018 06/07/2018