Scrip Dividend definition

Scrip Dividend means any Shares issued in lieu of cash as 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, no adjustment is to be made under Section 4.1.3 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 Section 4.1.1).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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).

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

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) during the 12 months immediately preceding the date of this announcement.
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.
Accordingly, any Inmarsat Shareholders who had elected to participate in the Inmarsat Scrip Dividend Scheme shall receive cash rather than Inmarsat Shares in respect of the Final Dividend and any other dividends.

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 CTSE Listings Requirements;

Scrip Dividend is the process whereby a company may offer to shareholders the alternative right to elect to receive new shares instead of a cash dividend;

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;