LONDON - NewRiver REIT plc, a real estate investment trust, has announced the reference price for its scrip dividend option related to its interim dividend for the six months ending on September 30, 2024. Shareholders who opt for the scrip dividend alternative will receive new fully paid shares at a reference price of 73.41 pence per ordinary share.
The reference price was determined based on the average closing middle market quotations for NewRiver's ordinary shares on the London Stock Exchange (LON:LSEG) for the five business days following the ex-dividend date of December 19, 2024. Shareholders interested in the scrip dividend alternative must make their election by January 7, 2025, with new ordinary share certificates to be dispatched on the dividend payment date of January 28, 2025.
The scrip dividend scheme, which allows shareholders to receive additional shares in lieu of a cash dividend without incurring dealing charges or stamp duty, was renewed at the company's Annual General Meeting on July 26, 2023. Shareholders can make their election through the www.signalshares.com website, with different election requirements for certificated shareholders and those holding shares in CREST.
NewRiver has encouraged shareholders to review the scrip dividend scheme booklet, available on the company's website, for terms and conditions before deciding to participate. The scheme is designed to offer shareholders a reinvestment option that could potentially enhance their investment in the company.
This announcement is based on a press release statement provided by NewRiver REIT plc.
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