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Vodafone Group Plc Annual Report & Accounts for the year ended 31 March 1997 - Information for Investors
Shareholder Relations Department
Global BuyDIRECT
Church Street Station
P.O. Box 11009
New York, NY 10286-1009
USA
Scrip dividend scheme
The Company's scrip dividend scheme enables shareholders to take new shares in lieu of cash dividends.
The value of new shares issued under the scheme, the 'cash equivalent', is the average middle market price
of the Company's shares on the London Stock Exchange for the five business days beginning with the
date the shares are first quoted 'ex-dividend'. If on the first day of dealing on the London Stock Exchange
in the new shares the cash equivalent was to differ substantially (interpreted by the Inland Revenue to be
15 per cent or more) from the market value of a new share, for tax purposes the Inland Revenue may
substitute that market value as the 'cash equivalent'. The table below shows the figures for the last two
dividends in relation to new shares issued under the scheme:
Cash Market
equivalent value
Final dividend 1996
(19 August 1996) 240.5p 244.5p
Interim dividend 1997
(12 February 1997) 251.6p 279.5p
Set out below is information relevant to the final dividend for the financial year ended 31 March 1997:
Shares go ex-dividend 9 June 1997
Offer price calculation period 9-13 June 1997
Record date 13 June 1997
Return date 16 July 1997
(for mandates and variations)
Annual General Meeting 24 July 1997
Dividend payment date and first
day of dealings in new shares 15 August 1997
http://www.vodafone.com/download/investor/reports/annual97/6/0.htm (4 of 6)29/03/2007 22:45:07