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). Effects on shareholding structure of the Company 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 235,032,886 Ordinary Shares representing approximately 7.5 per cent. of the issued Ordinary Share capital of the Company as at 10 August 2021 and approximately 7.0 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 10 August 2021 (being the latest practicable date prior to the release of this announcement) and assuming full conversion of the Securities1: As at 10 August 2021 Assuming the Securities are fully converted into Ordinary Shares at their initial conversion price Share Capital Number of shares % of total issued shares Number of shares % of the total enlarged issued shares Ordinary Shares of U.S.$0.50 each in issue 3,115,381,863 94.1009% 3,350,414,749 94.4919%
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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 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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Examples of Scrip Dividend Scheme in a sentence

  • The Directors may implement the Scrip Dividend Scheme in the manner they deem fit.

  • 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.

  • 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.

  • 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.

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

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

  • 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.

  • No other method of election will be permitted under the Scrip Dividend Scheme and will be rejected.

  • 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.


More Definitions of Scrip Dividend Scheme

Scrip Dividend Scheme means a scheme approved, if any, under the
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Related to Scrip Dividend Scheme

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Dividend Parity Stock means any class or series of stock of the Corporation that ranks on a parity with the Series E in the payment of current dividends, including the Series A, the Series B, the Series C and the Series D.

  • Ex-Dividend Time means, with respect to any distribution on shares of Common Stock, the first date on which the shares of Common Stock trade regular way on the principal securities market on which the shares of Common Stock are then traded without the right to receive such distribution.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • 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.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • Stock Dividend has the meaning set forth in Section 5(a)(i)(A).

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

  • Dividend Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.

  • Rights Dividend Declaration Date shall have the meaning set forth in the recitals at the beginning of this Agreement.

  • Equivalent Preferred Stock shall have the meaning set forth in Section 11(b) hereof.

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Dividend Equivalent Rights means certain rights to receive cash payments as described in Section 3.5.

  • Long Term Dividend Period means a Special Dividend Period consisting of a specified period of one whole year or more but not greater than five years.

  • Equivalent Preferred Shares shall have the meaning set forth in Section 11(b) hereof.

  • Company RSU Award means any award of restricted stock units or performance stock units outstanding under the Company Stock Plans.

  • Deemed Dividend Problem means, with respect to any Foreign Subsidiary, such Foreign Subsidiary’s accumulated and undistributed earnings and profits being deemed to be repatriated to the Borrower or the applicable parent Domestic Subsidiary under Section 956 of the Code and the effect of such repatriation causing materially adverse tax consequences to the Borrower or such parent Domestic Subsidiary, in each case as determined by the Borrower in its commercially reasonable judgment acting in good faith and in consultation with its legal and tax advisors.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

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

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

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • DSUs means the deferred share units granted under the DSU Plan;

  • Dividend Payment means dividends (in cash, Property or obligations) on, or other payments or distributions on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition of, any shares of any class of stock of the Company or of any warrants, options or other rights to acquire the same, but excluding dividends payable solely in shares of common stock of the Company.