Dividend reinvestment plan
On 22 January 2014, we announced the ending of the scrip dividend scheme (SCRIP) and the launch of the Dividend Reinvestment Plan (DRIP). Shareholders can now re-invest their cash dividend and buy more Land Securities shares by electing to join the DRIP. The cash dividend will be paid entirely as a Property Income Distribution (PID).
The DRIP gives shareholders the opportunity to reinvest their cash dividends in Land Securities Group PLC ordinary shares to purchase additional shares in the Company through a convenient, easy and cost effective facility provided by Equiniti Financial Services Limited.
Under the DRIP the cash dividend will be used to buy whole shares as soon after the dividend payment date as possible, with any residual cash being carried forward to the next dividend. The DRIP costs 0.5% commission and Stamp Duty Reserve Tax is payable at 0.5%.
A full copy of the Terms and Conditions of the DRIP can be found below.
Complete the application online at http://www.shareview.co.uk/4/Info/Portfolio/Default/en/Home/Products/Pages/Dividend-Reinvestment-Plans.aspx
|Ex-dividend date – 2015/16 final dividend||23 June 2016|
|Record date – 2015/16 final dividend||24 June 2016|
|Last date for receipt of PID withholding tax exemption forms||24 June 2016|
|DRIP Application Form delivery deadline||7 July 2016|
|Payment date – 2015/16 final dividend||28 July 2016|
*all dates are provisional until announced by RNS.
For more information on UK REIT taxation please go to the following page on our website: http://www.landsecurities.com/investors/shareholder-investor-information/uk-reit-taxation
DRIP Terms & Conditions: http://www.shareview.co.uk/Clients/dividends/tandc/new/Land_Sec_DRIP_Terms.pdf
DRIP Application Form: http://www.shareview.co.uk/Clients/dividends/apply/new/Land_Sec_DRIP_Application.pdf