Capital & Regional PLC has announced the finalization of its dividend, with a declared amount of 2.95 pence per share, to be paid entirely as a property income distribution (PID). The dividend is subject to a 20% UK withholding tax unless exemptions apply. Shareholder approval for the dividend will be sought at the annual general meeting of shareholders to be held on May 23, 2024. If approved, the dividend will be payable on May 31, 2024, to shareholders registered on the UK principal register and the South African branch register.

The company is offering a scrip alternative to the dividend, and shareholders can choose to receive the dividend in cash or opt for the Scrip Alternative. For shareholders receiving the dividend in cash, the gross amount of PID for UK shareholders is 2.95p, and for SA shareholders, it is 70.65250 cents. After deducting the UK withholding tax, the net PID dividend payable is 2.36p for UK shareholders and 52.98937 cents for SA shareholders.

For shareholders who elect to take shares, the Scrip Calculation Price for UK shareholders is 48.73 pence, and for SA shareholders, it is 1,167.08350 ZAR cents. The number of New Ordinary Shares to be allocated to shareholders participating in the Scrip Dividend Scheme will be calculated based on the net value of the dividend otherwise receivable by a shareholder. Any residual Cash Balance for UK shareholders will be rolled forward and factored into the Scrip calculation for the next relevant dividend, while for SA shareholders, any entitlement resulting in a fractional share will be rounded down to the nearest whole number, with a cash payment to be made for the fraction.

The company has provided detailed calculations and information for shareholders to understand the options available and the implications of their choices. Shareholders are encouraged to review the information provided and make an informed decision based on their individual circumstances.