Stenprop: Election to receive a cash or scrip dividend
Stenprop shareholders are referred to the circular (“circular”) and the announcement issued on Tuesday, 9 July 2019 in respect of an election to receive the final dividend of 3.375 pence per share (the “dividend”) for the six months ended 31 March 2019, either as a cash dividend (the “cash dividend”) or as a scrip dividend (the “scrip dividend”). Shareholders are now advised that the dividend will be paid as follows:
- 1.36 pence (40.30%) will comprise a property income distribution (“PID”). The PID will be subject to a deduction of a 20% United Kingdom (“UK”) withholding tax unless exemptions apply.
- 2.015 pence (59.70%) will comprise a non-PID. The non-PID will be treated as an ordinary UK company dividend, with no UK withholding tax deducted.