SANTANDER SCRIP DIVIDEND SCHEME Form

What is the Santander Scrip Dividend Scheme

The Santander Scrip Dividend Scheme allows shareholders to receive their dividends in the form of additional shares instead of cash. This option can be appealing for investors who prefer to reinvest their earnings rather than receive immediate cash payments. By choosing this scheme, shareholders can potentially increase their investment in the company over time, benefiting from compound growth. The scheme is designed to provide flexibility and can be particularly advantageous in a growing market.

How to use the Santander Scrip Dividend Scheme

To utilize the Santander Scrip Dividend Scheme, shareholders must first confirm their eligibility. They can typically do this by accessing their account through the Santander online portal or contacting customer service. Once eligibility is confirmed, shareholders can select the scrip dividend option during the dividend payment period. This selection allows them to receive additional shares instead of cash. It is essential to keep track of the deadlines for opting into the scheme, as these can vary based on the dividend declaration dates.

Steps to complete the Santander Scrip Dividend Scheme

Completing the Santander Scrip Dividend Scheme involves several key steps:

• Log into your Santander account or contact customer service for assistance.
• Review the details of the upcoming dividend, including the declaration date and payment options.
• Select the option to receive dividends in shares instead of cash.
• Submit your choice before the specified deadline.
• Confirm your selection and monitor your account for the updated share balance after the dividend payment date.

Legal use of the Santander Scrip Dividend Scheme

Using the Santander Scrip Dividend Scheme is legal and compliant with relevant financial regulations. Shareholders must ensure they are aware of the terms and conditions associated with the scheme, including any tax implications. The scheme is governed by corporate policies and must adhere to securities laws. It is advisable for shareholders to consult with a financial advisor or tax professional to understand how participating in the scheme may affect their overall financial situation.

Eligibility Criteria

Eligibility for the Santander Scrip Dividend Scheme typically requires shareholders to be registered owners of shares as of the record date established by the company. Shareholders must also not be subject to any restrictions that would prevent them from receiving additional shares, such as certain regulatory limitations. It is important to review the specific eligibility requirements outlined in the company’s dividend announcement or shareholder communications.

Required Documents

To participate in the Santander Scrip Dividend Scheme, shareholders may need to provide specific documentation. This can include:

• Proof of share ownership, such as a recent account statement.
• Completed forms indicating the choice to opt into the scrip dividend scheme.
• Any additional documentation requested by Santander to verify identity or eligibility.

Ensuring that all required documents are submitted accurately and on time is crucial for successful participation in the scheme.