In Specie


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In Specie

Specific; specifically. Thus, to decree performance in specie is to decree Specific Performance. In kind; in the same or like form. A thing is said to exist in specie when it retains its existence as a distinct individual of a particular class.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
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Effectively, the In Specie Dividend gives each shareholder a beneficial interest in shares in the entity, Virgin Australia International Holdings Pty Ltd (VAIH) and these shares will be administered by The Trust Company.
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Once a listing is granted, Integra will announce the record date for dividends in specie.
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An in specie transfer basically means your existing investment holding is merely reregistered on to the Transact platform.
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