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Dividends

Scrip Scheme

At the Company’s Annual General Meeting held in May 2021, shareholders renewed the implementation of a Scrip Dividend Scheme (“Scrip Scheme”). The Scrip Scheme provides shareholders with the opportunity to receive dividends as new ordinary shares instead of cash. This enables us to retain more cash for reinvestment into our business, which would otherwise be paid as cash dividends.

The Mandate Form and the Guide to the Scrip Scheme, accessible through the links below, provide information on the Scrip Scheme and how to participate.

2021 Final Dividend

The Company announced its results for the year ended 31 December 2021 on 23 February 2022 and declared a final dividend of 15.6 per share (the “2021 Final Dividend“), which will be fully paid as a Property Income Distribution (“PID“).

The 2021 Final Dividend will be paid in either cash or new ordinary shares under the Scrip Scheme on 20 May 2022 to shareholders on the register at the close of business on 19 April 2022. The timetable in relation to the 2021 Final Dividend is shown below:

DATE
EVENT
23 February 2022
Announcement of 2021 Final Dividend
14 April 2022
Ex-dividend Date
19 April 2022
Record Date
14 April 2022 to 22 April 2022 (inclusive)
Scrip Reference Share Price calculation period
25 April 2022
Scrip Reference Share Price announcement date
4 May 2022
Final day to elect to participate in the Scrip Scheme
20 May 2022
Dividend Payment Date

Historic Scrip Dividends

The table below gives details of past dividends on which the Scrip Scheme was offered.

Dividend
Ex-div date
Record date
Payment date
PID (p)
Non-PID (p)
Total (p)
2021
Interim dividend period ended 30 June 2021
16 September 2021
17 September 2021
29 October 2021
6.5
-
6.5
2020
Final dividend period ended 30 December 2020
15 April 2021
16 April 2021
21 May 2021
12.75
-
12.75
2019
Interim dividend period ended 30 June 2019
19 September 2019
20 September 2019
01 November 2019
9
1.25
10.25
2018
Final dividend period ended 30 December 2018
11 April 2019
12 April 2019
17 May 2019
16
3.5
19.5
Interim dividend period ended 30 June 2018
20 September 2018
21 September 2018
2 November 2018
6.5
3
9.5
2017
Final dividend period ended 30 December 2017
12 April 2018
13 April 2018
18 May 2018
15.4
-
15.4

If you have any questions about the Scrip Scheme then please contact the Company’s Registrar, Computershare Investor Services plc, on +44 0370 707 1376. The helpline is open between 8.00 a.m. and 6.30 p.m. (GMT), Monday to Friday excluding public holidays in England and Wales.