the issue of a certificate entitling the holder to acquire shares in a company; frequently used in connection with bonus issues, such scrip has in some instances been issued as a stock dividend instead of cash.
Energy company Royal Dutch Shell (NYSE:RDS-A) (NYSE:RDS-B), headquartered in the Netherlands, reported on Thursday the issuance of 37,952,003 A ordinary shares in relation to the scrip dividend programme for the Q4 2013 interim dividend.
Dubai: The General Assembly of the shareholders of United Arab Bank (UAB) approved during its annual general meeting in Sharjah the proposal of the board of directors regarding the appropriation of profits for 2008 by distributing a scrip dividend of 25 per cent.
The mortgage bank's executives said the buy-to-let specialist waited for markets to stabilise before going ahead with the deeply discounted share issue and the decision to pay a scrip dividend to strengthen capital ratios.
Newcastle United released a statement to the market stating that, as a result of the scrip dividend alternative, the directors WF Shepherd, DS Hall, TJ Revill, BS Shepherd and A Antonopoulos have all increased their shareholdings in the company.
The shares are to be issued as a scrip dividend alternative to receiving a cash dividend in respect of the third quarter 2017 interim dividend and dealings are expected to commence on 20 December 2017.
Reference is made to the previous announcements by Statoil ASA (OSE:STL, NYSE:STO, the "Company") regarding the resolution made by the annual general meeting on 11 May 2017 to continue the two year scrip dividend programme commencing from the fourth quarter 2015 (the "Scrip Dividend Programme").