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 196,757,437 Ordinary Shares representing approximately 6.2 per cent. of the issued Ordinary Share capital of the Company as at 5 January 2021 and approximately 5.9 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 5 January 2021 (being the latest practicable date prior to the release of this announcement) and assuming full conversion of the Securities1: As at 5 January 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 3,156,182,262 94.1727% 3,352,939,699 94.4959%
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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 any scheme or arrangement adopted by the Issuer whereby in respect of any dividend declared or to be declared by the Issuer in respect of the Shares, the holders of such Shares shall be given the right in whole or in part to elect to receive new Shares credited as fully paid up in lieu of the right to receive a cash dividend;
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Examples of Scrip Dividend Scheme 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.

  • 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.

  • 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.

  • In accordance with the terms of the Inmarsat Scrip Dividend Scheme, a committee of the Inmarsat Board has resolved that the Inmarsat Scrip Dividend shall be suspended indefinitely and with effect from the date of this Announcement, including in relation to the Final Dividend.

  • Formal written notice of the suspension, as required by the Inmarsat Scrip Dividend Scheme, will be sent to Inmarsat Shareholders in due course.


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 a scheme approved, if any, under the
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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

  • 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. For the avoidance of doubt, any alternative trading convention on the applicable exchange or market in respect of shares of the Common Stock under a separate ticker symbol or CUSIP number will not be considered “regular way” for this purpose.