Scrip Dividend definition

Scrip Dividend means any Shares issued in lieu of the whole or any part of any Relevant Cash Dividend being a dividend which the Shareholders concerned would or could otherwise have received and which would not have constituted a Distribution (and for the avoidance of doubt to the extent that no adjustment is to be made under Condition 6(C)(3) in respect of the amount by which the Current Market Price of the Shares exceeds the Relevant Cash Dividend or part thereof).

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Scrip Dividend means any Shares issued in lieu of the whole or any part of any Relevant Cash Dividend being a dividend which the Shareholders concerned would or could otherwise have received and which would not have constituted a Distribution (and for the avoidance of doubt, no adjustment is to be made under Condition 6(C)(3) in respect of the amount by which the Current Market Price of the Shares exceeds the Relevant Cash Dividend or the relevant part thereof) but without prejudice to any adjustment required in such circumstances to be made under Condition 6(C)(2)(ii).

Scrip Dividend means any Shares issued in lieu of the whole or any part of any Relevant Cash Dividend, being a dividend which the Shareholders concerned would or could otherwise have received (and for the avoidance of doubt, to the extent that an adjustment is made under Condition 6(C)(3) in respect of the Relevant Cash Dividend, no adjustment is to be made for the amount by which the Current Market Price of the Shares exceeds the Relevant Cash Dividend or part thereof for which an adjustment is already made under Condition 6(C)(2)(ii));

Examples of Scrip Dividend in a sentence

• This Operating Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware without regard to its choice of law provisions.

• In the event of a Scrip Dividend being offered as an alternative to a cash dividend, we will elect to take any available cash option.

• The Company has not carried out any issue of equity securities (save and except the issue of Ordinary Shares by the Company pursuant to the Scrip Dividend Scheme and the Share Plans and the issue of Ordinary Shares pursuant to the 2 for 7 rights issue of 728,432,451 Ordinary Shares as disclosed in the announcement of the Company dated 18 November 2015) during the 12 months immediately preceding the date of this announcement.

• If there is an enhanced Scrip Dividend, we will ask you to decide whether to take the dividend in shares or cash.

• If, prior to the relevant Settlement Date, the Issuer increases its share capital through the issuance of new Ordinary Shares against cash contributions while granting its Shareholders a direct or indirect subscription right (rights issue) (other than constituting a Scrip Dividend), at consideration receivable per Ordinary Share which is less than 95 per cent.

More Definitions of Scrip Dividend

Scrip Dividend means a dividend payment made in the form of additional shares, rather than a cash payment.

Scrip Dividend means a cash dividend incorporating an election on the part of shareholders to receive either capitalisation shares or cash, with the default election being either shares or cash (as applicable);

Scrip Dividend means any Shares issued in lieu of the whole or any part of any Relevant Cash Dividend being a dividend which the Shareholders concerned would or could otherwise have received.

Scrip Dividend means any Shares issued in lieu of the whole or any part

Scrip Dividend means scrip dividend as such term is defined in the ZAR X Listings Requirements;

Scrip Dividend means any Ordinary Shares issued in lieu of the whole or any part of any Relevant Cash Dividend being a dividend which the Shareholders concerned would or could otherwise have received (and for the avoidance of doubt to the extent that an adjustment is made under Section 4(b)(iii) in respect of the Relevant Cash Dividend an adjustment may also be made for the amount by which the Reference Price of the Ordinary Shares exceeds the Relevant Cash Dividend or part thereof under Section 4(b)(ii)(B)).

Scrip Dividend means a dividend incorporating an election on the part of the shareholder to receive either capitalisation shares or cash, with default election being cash;