What is scrip dividend

what is scrip dividend

Dividends

Santander Scrip Dividend Scheme

The following information is relevant to those shareholders who hold their shares through the Santander Nominee Service.

Santander will implement a scrip dividend scheme again in November 2015 when the first interim dividend is traditionally paid. Shareholders will once again have the opportunity to choose whether to receive cash or new shares.

If you are a shareholder who is resident in the EEA (see definition below), and have not previously registered a scrip election with the Santander Nominee Service the default option applied to your holding will be to receive additional new shares, instead of cash, whenever a scrip dividend is offered. If you do not wish to receive shares, you must either make an election online or complete and return a scrip dividend mandate form by post, choosing either to sell your rights on market or off market to receive cash.

For further details of how we have worked out the default applicable to

certain groups of shareholders please refer to the Santander Scrip Dividend Scheme Information Booklet below.

In any event, the default option applicable to you will be as set out in the Dividend Notification Letter sent to you in November 2015, unless changed by you.

Making a scrip choice online

Make your online election here. The deadline for making a choice for the November 2015 Scrip Dividend is 5 p.m. on 23 October 2015. If you register a choice after this deadline your choice will not apply to the November 2015 Scrip Dividend, but will be held on record and applied in relation to any future Santander Scrip Dividend Schemes, unless changed by you.

Documents summarising key information, together with further details regarding the November 2015 scrip dividend as they become available, will be published here or can be requested by calling the Shareholder Helpline.

For more information on previous Scrip Dividends, please see the following information.

All shareholders

Source: www.santander.com

Category: Bank

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