Dividends

2016 Interim Dividend

An Interim Dividend for 2016 of 4.6 pence per share (the "Dividend") has been declared, and will be paid on 22 November 2016. A scrip dividend alternative will be offered to shareholders.

The following are the salient dates for the payment of the interim dividend: 

Confirmation and timetable of scrip alternative announced Tuesday 11 October 2016
Scrip price calculation period – average of five dealing dates on each exchange 4 October – 10 October 2016 inclusive
Currency Conversion Date (Sterling/Rand) Monday 10 October 2016
Ex-dividend date (SA) Wednesday 19 October 2016
Ex-dividend date (UK) Thursday 20 October 2016
Record Date (both UK and SA) Friday 21 October 2016
Last date for receipt of Tax Exemption Declaration Forms to permit dividend to be paid gross (UK Shareholders only) Friday 21 October 2016
*Election Date for scrip alternative (SA) (by noon) Friday 21 October 2016
*Election Date for scrip alternative (UK)(by close of business) Friday 28 October 2016
Dividend payment date (UK & SA) Tuesday 22 November 2016
CREST (UK register) and CSDP (SA register) accounts credited and share certificates issued to certificated shareholders Tuesday 22 November 2016
First day of dealings and admission to the official list of the UK Listing Authority and the JSE for New Ordinary Shares under the Scheme Tuesday 22 November 2016

South African shareholders should note that, in accordance with the requirements of strate, the last day to trade cum-dividend will be Tuesday, 18 October 2016 and that no dematerialisation or rematerialisation of shares was possible from Wednesday 19 October to Friday 21 October 2016 inclusive.  No transfers between the UK and South African registers will take place from Tuesday 11 October to Friday 21 October 2016 inclusive.

PID SPECIAL NOTE:

UK shareholders:

For those who are eligible for exemption from the 20 per cent withholding tax and have not previously registered for exemption, an HM Revenue & Customs (“HMRC”) Tax Exemption Declaration is available for download from the “Investors” section of this website, or on request to our UK registrars, Capita Asset Services.  Validly completed forms must have been received by Capita Asset Services no later than the Record Date, Friday 21 October 2016; otherwise the dividend would be paid after deduction of tax.

South African and other non-UK shareholders:

South African shareholders may apply to HMRC after payment of the dividend for a refund of the difference between the 20 per cent withholding tax and the UK/South African double taxation treaty rate of 15 per cent.  Other non-UK shareholders may be able to make similar claims for a refund of UK withholding tax deducted. Refund application forms for all non-UK shareholders are available for download from the “Investors” section of this website, or on request to our South African registrars, Trifecta Capital Services, or HMRC.  UK withholding tax refunds are not claimable from intu properties plc, the South African Revenue Service (“SARS”) or other national authorities, only from the UK’s HMRC.

2015 Final Dividend

On 26 February 2016, the Directors proposed a final dividend for 2015 of 9.1 pence per share (the “Dividend”). The Dividend was paid on 26 May 2016, following approval of the shareholders at the Company’s AGM held on 4 May 2016.

A scrip dividend alternative was not offered on this occasion and all shareholders therefore received the full 2015 Final Dividend payable in cash. The 2015 Final Dividend was also paid wholly as a Property Income Distribution (‘PID’), which will be subject to deduction of a 20 per cent UK withholding tax unless exemptions apply.

A timetable of events in relation to the Final Dividend is set out below:

Currency Conversion Date (sterling/rand) Tuesday 29 March 2016
Sterling/Rand conversion rate and dividend amount in SA currency announced Wednesday 30 March 2016
Ex-dividend date (SA) Monday 11 April 2016
Ex-dividend date (UK) Thursday 14 April 2016
Record Date (both UK and SA) Friday 15 April 2016
Last date for receipt of Tax Exemption Declaration Forms to permit dividend to be paid gross (UK Shareholders only) Friday 15 April 2016
Dividend payment date (UK & SA) Thursday 26 May 2016
CREST (UK register) and CSDP (SA register) accounts credited and share certificates issued to certificated shareholders Thursday 26 May 2016

South African shareholders should note that, in accordance with the requirements of strate, the last day to trade cum-dividend was 8 April 2016 and that no dematerialisation or rematerialisation of shares will be possible from 11 April to 15 April 2016 inclusive. No transfers between the UK and South African registers could take place from 24 March to 18 April 2016 (both days inclusive).

PID SPECIAL NOTE:

UK shareholders:

For those who are eligible for exemption from the 20 per cent withholding tax and have not previously registered for exemption, an HM Revenue & Customs (“HMRC”) Tax Exemption Declaration is available for download from the “Investors” section of this website, or on request to our UK registrars, Capita Asset Services.  Validly completed forms must have been received by Capita Asset Services no later than the Record Date, Friday 15 April 2016; otherwise the dividend would be paid after deduction of tax.

South African and other non-UK shareholders:

South African shareholders may apply to HMRC after payment of the dividend for a refund of the difference between the 20 per cent withholding tax and the UK/South African double taxation treaty rate of 15 per cent.  Other non-UK shareholders may be able to make similar claims for a refund of UK withholding tax deducted. Refund application forms for all non-UK shareholders are available for download from the “Investors” section of this website, or on request to our South African registrars, Computershare, or HMRC.  UK withholding tax refunds are not claimable from intu properties plc, the South African Revenue Service (“SARS”) or other national authorities, only from the UK’s HMRC.

2015 Interim Dividend

An Interim Dividend for 2015 of 4.6 pence per share (the "Dividend") has been declared, and was paid on 24 November 2015. A scrip dividend alternative was also offered to shareholders.

The dividend was paid as a Property Income Distribution (“PID”).  The PID element was subject to deduction of a 20 per cent withholding tax unless exemptions applied.  Shareholders received the dividend in cash unless they elected to receive shares instead.

The following are the salient dates for the payment of the interim dividend:

Monday, 19 October 2015 Ordinary shares listed ex-dividend on the JSE, Johannesburg.
Thursday, 22 October 2015 Ordinary shares listed ex-dividend on the London Stock Exchange.
Friday, 23 October 2015 Record date for interim dividend in London and Johannesburg.
Friday, 30 October 2015 UK shareholders only: Last date for receipt of Tax Exemption Declaration forms to permit dividends to be paid gross.
Tuesday, 24 November 2015 Dividend Payment day for shareholders

South African shareholders should note that, in accordance with the requirements of Strate, the last day to trade cum-dividend was Friday, 16 October 2015 and that no dematerialisation or rematerialisation of shares was possible from Monday, 19 October to Friday, 23 October 2015 inclusive.  No transfers between the UK and South African registers could take place from Wednesday, 7 October to Sunday, 25 October 2015 inclusive.

PID SPECIAL NOTE:

UK shareholders:

For those who are eligible for exemption from the 20 per cent withholding tax and have not previously registered for exemption, an HM Revenue & Customs (“HMRC”) Tax Exemption Declaration is available for download from the “Investors” section of this website, or on request to our UK registrars, Capita Asset Services.  Validly completed forms must have been received by Capita Asset Services no later than the Record Date, Friday 23 October 2015; otherwise the dividend would be paid after deduction of tax.

South African and other non-UK shareholders:

South African shareholders may apply to HMRC after payment of the dividend for a refund of the difference between the 20 per cent withholding tax and the UK/South African double taxation treaty rate of 15 per cent.  Other non-UK shareholders may be able to make similar claims for a refund of UK withholding tax deducted.  Refund application forms for all non-UK shareholders are available for download from the “Investors” section of this website, or on request to our SA registrars, Computershare, or HMRC.  UK withholding tax refunds are not claimable from intu properties plc, the South African Revenue Service (“SARS”) or other national authorities, only from the UK’s HMRC.

Dividend history

Year No. Dividend Amount Recorded Payment
      UK pence ZAR cents US cents1    
2015 33 Final 9.1³ 199.8451³ - 15/04/16 26/05/16
2015 32 Interim 4.6³ 95.2959 - 23/10/15 24/11/15
    2015 total 13.7  295.141³       
2014 31 Final Cash Dividend (PID) 9.1³ 163.9911³ - 17/04/15 28/05/15
2014 30 Interim 4.63 81.93523 24/10/14 25/11/14
    2014 total 13.7 245.92633    
2013 29 Final Cash Dividend (PID element) 7.53 130.76253 17/04/14 20/05/14
2013 29 Final Cash Dividend (ordinary element) 2.5 43.5875 17/04/14 20/05/14
2013 28 Interim 5.03 81.49003 18/10/13 19/11/13
    2013 total 15.0 255.84003    
2012 27 Final Cash Dividend2 (PID) 10.03 137.18003 26/04/13 04/06/13
2012 26 Interim 5.03 68.85003 19/10/12 20/11/12
    2012 total 15.0 206.03003    
2011 25 Final (ordinary element) 7.5 99.0923 01/06/12 03/07/12
2011 25 Final (PID element) 2.53 33.03083 01/06/12 03/07/12
2011 24 Interim 5.03 61.6553 14/10/11 22/11/11
    2011 total 15.0 193.7781    
2010 23 Final (ordinary element) 5.0 55.965 03/06/11 21/06/11
2010 23 Final (PID element) 5.03 55.9653 03/06/11 21/06/11
2010 22 Interim 5.03 54.753 5.63 8/10/10 3/11/10
    2010 total 15.0 166.68 5.6    
2009 21 Final (ordinary element) 3.0 34.4130 3.79 25/05/10 09/06/10
2009 21 Final (PID element) 8.53 97.50353 10.733 25/05/10 09/06/10
2009 20 Interim 5.03 60.7903 7.163 2/10/09 27/10/09
    2009 total 16.5 192.7065 21.68    
2008 19 Interim 16.503 240.48753 27.053 29/08/08 16/09/08
    2008 total 16.50 240.4875 27.05    
2007 18 Final 17.60 269.4736 32.86 09/05/08 28/05/08
2007 17 Interim 16.503 238.42503 30.673 17/08/07 04/09/07
    2007 total 34.10 507.8986 63.53    
2006 16 Final 17.25 244.6395 32.31 11/05/07 30/05/07
2006 15 Interim 13.75 178.48875 23.72 18/08/06 05/09/06
    2006 total 31.00 423.12825 56.03    
2005 14 Final 15.25 161.72625 26.26 21/04/06 09/05/06
2005 13 Interim 13.0 149.7925 21.87 19/08/05 06/09/05
    2005 total 28.25 311.51875 48.13    
2004 12 Final 14.10 162.291 24.83 08/04/05 21/04/05
  11 Interim 12.40 141.112 20.10 20/08/04 07/09/04
    2004 total 26.50 303.403 44.93    
2003 10 final 13.25 132.375000 21.51 16/04/04 05/05/04
  9 Interim 11.75 137.063750 22/08/03 16/09/03
    2003 total 25.00 289.438750      
2002 8 final 12.50 155.906250 11/04/03 02/05/03
  7 Interim 11.25 182.700000 23/08/02 16/09/02
    2002 total 23.75 338.606250      
2001 6 final 12.00 195.240000 12/04/02 03/05/02
  5 Interim 10.75 132.235750 07/09/01 05/10/01
    2001 total 22.75 327.475750      
2000 4 final 11.50 133.233250 06/04/01 09/05/01
  3 Interim 10.75 106.410375 11/08/00
04/08/00(SA)
25/08/00
    2000 total 21.75 239.643625      
1999 2 final 11.00 114.543000 07/04/00
31/03/00(SA)
10/05/00
  1 Interim 9.50 94.593400   10/12/99
03/12/99(SA)
12/01/00
    1999 total 20.50 209.136400      

 

1. ADR programme terminated. Last US$ payment was on 15 November 2010.
2. Shareholders electing to receive shares instead of a cash dividend pursuant to the Scrip Dividend Scheme received shares calculated on the basis of GBP 8.5 pence3 (116.60 ZA cents) being paid as a PID and GBP 1.5 pence (23.32 ZA cents) being paid as a non-PID.
3. Gross amounts. Net PIDs per share (i.e. payments to shareholders net of withholding tax) were:

 

  UK pence ZAR cents US cents
Div 33 Final 2015 (Cash PID) 7.28 159.8761
Div 32 Interim 2015 3.68 76.237
Div 31 Final 2014 (Cash PID) 7.28 131.19288
Div 30 Interim 2014 3.68 65.54816 – 
Div 29 Final 2013 (Cash PID element of 7.5p only) 6.0 104.6100
Div 28 Interim 2013 (Cash PID) 4.0 65.1920
Div 27 Final 2012 (Cash PID) 8.0 109.74
Div 27 Final 2012 (Scrip PID element) 6.8 93.28
Div 26 Interim 2012 4.0 55.0800
Div 25 Final 2011 2.0 26.4246
Div 24 Interim 2011 4.0 49.324
Div 23 Final 2010 4.0 44.772
Div 22 Interim 2010 4.0 43.80 4.48
Div 21 Final 2009 (gross PID element of 8.5p only) 6.8 78.0028 8.58
Div 20 Interim 2009 4.0 48.632 5.73
Div 19 Interim 2008 13.2 192.3900 21.64
Div 17 Interim 2007 12.87 185.9715 23.92