General Meetings
Annual General Meeting - 16 May 2023
FREQUENTLY ASKED QUESTIONS
Declaration of a Scrip Dividend
- Covering Letter
- Notice of Agenda
- Circular
- Proxy Form & Scrip Dividend Election Form, and/or
- Any other supporting documents pertaining to specific resolutions.
- the number of shares registered in your name as at the record date, i.e. 14th April 2023;
- the net cash dividend amount;
- the applicable Attribution Price;
Number of ordinary shares held as at the relevant dividend record date x the net cash dividend rate
÷ by the Attribution Price
The result is then rounded up or down to the nearest whole fraction. For example, if as a shareholder you hold 10,000 ordinary shares as at 14th April 2023 and the net cash dividend rate declared is 1.74 €cents per ordinary share, and then the Attribution Price set at 0.57 €cents per ordinary share, 305 new shares would be allocated to your existing shareholding. You do not need to worry on this for now, since the AGM pack that will be sent out to you in mid-April will include the amount of cash and new shares you will be entitled to, in order to assist you to make a reasoned decision.In assessing the two options being given to you, ie whether to elect for cash or new shares, it is recommended that you consult with your investment and legal advisers to provide you with an independent advice that is suitable to you. The bank makes no representations and gives no advice as to the suitability or otherwise for investors to opt for either of the options.
The questions and answers contained in this document are intended to anticipate the questions which investors would generally ask and to provide an answer to those questions without taking into account the personal or peculiar situations that individual investors may be facing. They are not and, are not intended to be, exhaustive, nor do they contemplate or anticipate all possible questions that may be asked by shareholders but are merely intended as an aid to provide assistance to shareholders to understand the nature of the scrip dividend as declared by the bank. Nothing contained in this document should be considered as a substitute for personal advice whether to verify the legal position or the suitability of receiving additional shares instead of cash as a form of dividend.