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LONDON - NewRiver REIT plc (LON:NRR) has set the reference price for its scrip dividend alternative at 73.71 pence per ordinary share, according to a statement released Thursday.
The reference price was calculated based on the average closing middle market quotations from the London Stock Exchange (LON:LSEG) Daily Official List over five consecutive business days starting from the ex-dividend date of June 19, 2025.
Shareholders who elect to receive the scrip dividend alternative for the final dividend for the year ended March 31, 2025, will receive fully paid shares instead of cash. The final dividend scrip alternative will be treated as a Property Income Distribution (PID).
To participate in the scrip dividend scheme, shareholders must make their election before the deadline of July 18, 2025. Share certificates for the new ordinary shares will be distributed on the dividend payment date of August 8, 2025.
The scrip dividend scheme, which was renewed with shareholder approval at the Annual General Meeting on July 26, 2023, allows shareholders to receive additional company shares in place of cash dividends without incurring dealing charges or stamp duty.
Shareholders can make their election by logging onto the Signal Shares platform and following the instructions provided. For certificated shareholders, the election will apply to all future eligible dividends unless canceled, while CREST shareholders must make a new election for each relevant dividend.
The company has advised shareholders to review the scrip dividend scheme booklet containing the terms and conditions before making an election. The information is based on a press release statement from NewRiver REIT.
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