Scrip Dividend Scheme definition

Scrip Dividend Scheme means the scrip alternative scheme of the Company for shareholders of the Company to elect to receive dividends wholly or partly in the form of new fully-paid Ordinary Shares instead of in cash, and “Share Plans” means the issuances by the Company of Ordinary Shares to certain of its directors and employees pursuant to or in connection with the grant of share awards, share option schemes, or share saving schemes of the Company (including but not limited to the 2011 Standard Chartered Share Plan, the 2001 Performance Share Plan, the 2006 Restricted Share Scheme, 2007 Supplementary Restricted Share Scheme and the 2013 Sharesave Plan). In the event a Conversion Trigger Event occurs and assuming full conversion of the Securities at their initial conversion price takes place, the Securities will be convertible into approximately 170,462,294 Ordinary Shares representing approximately 5.7 per cent. of the issued Ordinary Share capital of the Company as at 4 August 2022 and approximately 5.4 per cent. of the issued Ordinary Share capital of the Company as enlarged by the issue of such Ordinary Shares. The Ordinary Shares to be issued upon Conversion of the Securities will rank pari passu in all respects with the Ordinary Shares in issue on the Conversion Date. The following table summarises the potential effects on the shareholding structure of the Company as a result of the issuance of the Securities by reference to the information on shareholdings as at 4 August 2022 (being the latest practicable date prior to the release of this announcement) and assuming full conversion of the Securities: Share Capital1 2 Ordinary Shares of U.S.$0.50 each in issue 8.25 per cent. non- cumulative irredeemable preference shares of
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Scrip Dividend Scheme means a scheme whereby the holders of one or more classes of the securities of the Issuer may elect to receive fully-paid Issuer Shares in lieu of a cash dividend;
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Scrip Dividend Scheme means a scheme approved, if any, under the
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Examples of Scrip Dividend Scheme in a sentence

  • The Directors may, in their absolute discretion, determine that the Scrip Dividend Scheme will apply to any particular Dividend.

  • The Directors may determine, in their absolute discretion, in respect of any Dividend, whether the Scrip Dividend Scheme shall apply to such Dividend.

  • This Statement, the Scrip Dividend Scheme and the Terms and Conditions thereof shall be governed by, and construed in accordance with, the laws of Singapore.

  • An announcement will be made by the Company as soon as practicable following the determination by the Directors that the Scrip Dividend Scheme is to apply to a particular Dividend, and in any event, by no later than the next Market Day (as defined below) immediately following the Books Closure Date (as defined below) in respect of the particular Dividend.

  • The Scrip Dividend Scheme has been established by the Directors of the Company.

  • The helpline cannot provide advice on the merits of the Scrip Dividend Scheme nor give any personal financial, legal or tax advice.

  • A Notice of Election to participate in the Scrip Dividend Scheme in any other form will not be accepted by the Company or (as the case may be) CDP.

  • The Scrip Dividend Scheme will apply to shareholding accounts in joint names, so long as all joint holders have signed the Scrip Dividend Mandate Form.

  • Unless the Directors have determined that the Scrip Dividend Scheme will apply to any particular Dividend, the Dividend concerned will be paid in cash to the Shareholders in the usual manner.

  • As a general indication, however, it is understood that as at the date of this Circular, under tax legislation in Singapore, a Member’s Singapore tax liability in relation to the Dividends received will not alter, nor is there any tax advantage to be gained, by reason of having elected to participate in the Scrip Dividend Scheme.


More Definitions of Scrip Dividend Scheme

Scrip Dividend Scheme means a scheme whereby the holders of one or more classes of securities of the Company may elect to receive fully-paid Shares in lieu of a cash dividend;
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Scrip Dividend Scheme means the scheme proposed by the Directors on 28 February
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Scrip Dividend Scheme means the scheme proposed by the Directors on 31 July 2024
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Related to Scrip Dividend Scheme

  • Ex-Dividend Date means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market.

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

  • Company RSU Award means each restricted stock unit that is (i) subject solely to service-based vesting and (ii) payable in shares of Company Class A Common Stock or the value of which is determined with reference to the value of shares of Company Class A Common Stock.

  • Dividend Record Date has the meaning set forth in Section 3(a).

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.