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Scrip dividend program: FAQs for ordinary shareholders If you have any questions about the program which are not addressed within this document, please contact: The BP Registrar Capital Asset Services The

How to fill out scrip dividend programme

How to fill out scrip dividend programme:

1. Obtain the necessary documents: You will typically need to fill out a registration form or opt-in form provided by the company offering the scrip dividend programme. This form may be available online or through mail. Ensure you have access to a printer or a physical copy of the form if required.
2. Provide relevant information: Complete the form by accurately filling in your personal details, including your name, contact information, and shareholder identification number. This information is crucial for the company to process your participation in the programme effectively.
3. Choose your participation option: Some scrip dividend programmes offer different participation options. These options may include receiving additional shares, cash dividends, or a combination of both. Review the available options and select the one that aligns with your investment goals.
4. Specify the number of shares or percentage: If you choose to receive additional shares, indicate the number of shares you wish to receive or the percentage of your dividend that you want to reinvest. Ensure that your selection complies with any minimum or maximum limits specified by the company.
5. Sign the form: Once you have completed all the necessary information, carefully review the form to ensure accuracy. Then, sign and date the form as required. Some forms may also require a witness signature.
6. Submit the form: Follow the instructions provided by the company to submit the form. This may involve mailing the form to a specific address or submitting it electronically through an online portal. Make sure to submit the form within the specified deadline to ensure your participation in the scrip dividend programme.

Who needs scrip dividend programme:

1. Shareholders seeking to reinvest dividends: The scrip dividend programme offers an opportunity for shareholders to reinvest their cash dividends directly into additional shares of the company rather than receiving cash. This can be beneficial for long-term investors who want to increase their investment in the company effectively.
2. Investors looking for tax advantages: In some jurisdictions, participating in a scrip dividend programme can provide tax advantages. By receiving additional shares instead of cash, investors may defer or reduce their tax obligations, depending on local tax laws. This can be particularly advantageous for individuals in higher tax brackets.
3. Individuals with confidence in the company's future prospects: Opting for the scrip dividend programme indicates confidence in the company's ability to generate sustainable growth and generate long-term value. Shareholders who believe in the company's future prospects may choose to reinvest their dividends to increase their stake in the company and potentially benefit from future capital gains.
4. Those seeking to compound their investment returns: By reinvesting dividends into additional shares through the scrip dividend programme, investors have the opportunity to compound their investment returns over time. This can be a valuable strategy for individuals focused on long-term wealth accumulation and leveraging the power of compounding.
5. Shareholders looking to manage their cash flows: For individuals who do not rely on dividend income for immediate cash needs, participating in the scrip dividend programme allows them to avoid receiving excess cash, which may be subject to taxation or require additional management. Instead, the shares obtained through the programme can potentially grow in value, providing long-term wealth accumulation.

Remember, it's always important to consult with a financial advisor or consider the specific terms and conditions of the scrip dividend programme before participating, as each company's programme may have unique features and considerations.

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What is scrip dividend programme?

A scrip dividend programme is a form of dividend payment where shareholders receive additional shares in the company instead of cash.

Who is required to file scrip dividend programme?

Companies that offer scrip dividend programmes to their shareholders are required to file the necessary paperwork with the relevant regulatory authorities.

How to fill out scrip dividend programme?

To fill out a scrip dividend programme, companies must provide information about the number of new shares to be issued, the eligibility criteria for participation, and the deadline for shareholders to make their election.

What is the purpose of scrip dividend programme?

The purpose of a scrip dividend programme is to provide shareholders with the option of receiving additional shares in the company instead of cash dividends.

What information must be reported on scrip dividend programme?

Information that must be reported on a scrip dividend programme includes the terms of the programme, the number of new shares to be issued, the eligibility criteria for participation, and the deadline for shareholders to make their election.