Scrip Dividend Scheme
Capital & Regional re-introduced a scrip dividend scheme, which enables ordinary shareholders to elect to receive new ordinary shares instead of a cash dividend, following shareholder approval at the 2020 Annual General Meeting.
The Scrip Dividend Scheme document explains the terms and conditions of the scheme.
Scrip dividends enable shareholders to increase their holding in the Company in a simple, cost effective way, by receiving new ordinary shares in Capital & Regional plc instead of cash. At the same time, the Company retains the cash in the business that would otherwise be paid out as a dividend. Shares issued pursuant to the Scheme will carry the same voting rights as existing Ordinary Shares and will rank equally with the existing Ordinary Shares in all respects.