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Dividends

Scrip Scheme

At the Company’s Annual General Meeting held in May 2024, shareholders renewed the 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.

 

2024 Interim Dividend

The Company announced its half year results for the six months to 30 June 2024 on 23 July 2024 and declared an interim dividend of 12.4 pence per share (“2024 Interim Dividend“), which will be fully paid as a Property Income Distribution (“PID“).

The 2024 Interim Dividend will be paid in either cash or new ordinary shares under the Scrip Scheme on 1 November 2024 to shareholders on the register at the close of business on 20 September 2024.

The timetable in relation to the 2024 Interim Dividend is shown below:

DATE
EVENT
23 July 2024
Announcement of 2024 Interim Dividend
19 September 2024
Ex-dividend Date
20 September 2024
Record Date
19 September 2024 to 25 September 2024 (inclusive)
Scrip Reference Share Price calculation period
27 September 2024
Scrip Reference Share Price announcement date
11 October 2024
Final day to elect to participate in the Scrip Scheme
1 November 2024
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)
2023
Final dividend period ended 31 December 2023
18 April 2024
19 April 2024
24 May 2024
23.6
23.6
Interim dividend period ended 30 June 2023
14 September 2023
15 September 2023
27 October 2023
11.8
11.8
2022
Final dividend Period ended 31 December 2022
13 April 2023
14 April 2023
26 May 2023
21.7
21.7
Interim dividend period ended 30 June 2022
15 September 2022
16 September 2022
28 October 2022
11.0
-
11.0
2021
Final dividend Period ended 31 December 2021
14 April 2022
19 April 2022
20 May 2022
15.6
-
15.6
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

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.