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  • Scrip Scheme

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    The terms and conditions of the Celtic Scrip Dividend Scheme pursuant to which shareholders in the Company can elect to receive dividends payable on Preference Shares by way of an issue of new Ordinary Shares in the Company are set out  here.

    The Scrip share price is the average closing middle market quotation of Celtic PLC's Ordinary Shares over the five dealing days starting with the relevant ex dividend day.

    The price at which such shares were or will be issued are:

    2017 Scrip share price – 102.0p

    Individual shareholders who have elected to participate in the scrip dividend scheme are reminded that if they have any queries in respect of the personal tax consequences of their participation in the scrip dividend scheme, they should seek personal tax advice from a qualified adviser. In particular individual shareholders are reminded of the following provision of the scrip dividend scheme rules:

    Individual Shareholders who elect to receive New Ordinary Shares instead of the full, or any part, of a cash dividend, will be treated for income tax purposes as having received gross income of an amount which, when reduced by income tax at the rate of 10 per cent, is equal to the "cash equivalent of the New Ordinary Shares". The cash equivalent of the New Ordinary Shares will be the amount of the cash dividend foregone unless the market value of the New Ordinary Shares on the first day of dealings on the London Stock Exchange (the "opening value") differs substantially (i.e. by 15 per cent. or more either way according to current HMRC practice) from the cash dividend foregone in which case the opening value will be treated as the cash equivalent of the New Ordinary Shares for taxation purposes. Income tax at the rate of 10 per cent is treated as having been paid on this gross income. For example, if an individual elects to receive New Ordinary Shares with a cash equivalent of £90, they will be treated as receiving gross income of £100, on which income tax of £10 has been paid.

    A Scrip Election form is also available here.

    Please note, as of 28 October 2015, the telephone number for contacting Computershare Investor Services PLC for the purposes of the Scheme and Scrip Dividend Mandate is now 0370 702 0192.

    Page last updated - Sep 4, 2017, 10:09