DIVIDEND
PROCEDURE
TIMETABLE 2024
In accordance with Schedule 3 of the Admission and Disclosure Standards and AIM Rules 24 and 25, a dividend timetable, which
follows the guidelines set out in by the Dividend Procedure Timetable, need not be notified to the Exchange in advance, provided the
announcement of the dividend includes:
− unless stated otherwise, dividends are stated as gross; and
− the record and payment dates; and
− the availability of any Scrip dividend, DRIP or dividend currency option, together with the election date.
Dividend information must be disseminated via a Primary Information Provider (PIP) under a correct headline category (please refer to
the PIP Service Criteria & Regulatory Headline Categories standards set out by the Financial Conduct Authority). Dividends can be
announced as part of an Interim or Final Results announcement or under the Headline Category ‘Dividend Declaration’. Dividends
should not be announced under other headlines as this can lead to dividend details not being noticed. Dividend details must be in the
body of the announcement and not just referred to as being available on a web page link, or included in a separate circular. In such
cases, an issuer may be asked to change and re-announce dividend dates.
The announcement must include the dividend amount and currency (unless stated otherwise, dividends are stated as gross) the ISIN
and the Tradable Instrument Display Mnemonics code (TIDM) of the affected securities, whether the dividend is wholly or partially a
Property Income Distribution (PID) or has been designated as an Interest Distribution, the record date, the pay date and the availability
of any Scrip, Dividend Reinvestment Plan or Scheme (DRIP/DRIS), Currency Election or other alternative. If available, the last day and
time to elect for any alternative should be included.
Any deviation from the Dividend Procedure Timetable must be notified to, and agreed with, the Exchange’s Corporate Actions team in
advance of the announcement of the dividend as set out below.
Any discussions on corporate action timetables must be undertaken with the Exchange’s Corporate Actions Team whose details are
set out below. Contact with another part of the Exchange does not satisfy the issuer’s obligations under the Admission and Disclosure
Standards or the AIM Rules for Companies. Any information provided to the Corporate Actions Team must be complete, accurate and
not misleading.
Discussions with the Exchange’s Corporate Actions Team may be undertaken through the issuer’s adviser. In such circumstances, the
Exchange will be entitled to assume that the issuer has ensured that any such adviser is sufficiently knowledgeable to discuss
corporate action timetables and has access to corporate action news feeds such as Corporate Events Diary.
The basic principle:
The record date should normally be a Friday, therefore with standard settlement of T+2, the associated ex date falls one business day
earlier. If a dividend is to be made ex, the dividend must be declared via a PIP or notified to the Exchange at least six business days
before the proposed record date, otherwise the ex-dividend date may be deferred until the following week.
Any changes to a previously notified Dividend timetable, including deferral or cancellation of payment, must be notified to the Corporate
Actions Team and changes agreed prior to announcement.
Dividend Procedure Timetable 2024
2
If an announcement is released that does not meet the guidelines in the Dividend Procedure Timetable, and has not been agreed by
the Exchange, the issuer will need to make a further correcting announcement without delay.
A template is available that issuers may wish to download and use when submitting Dividend announcements. Any queries in regard to
use of the template, contact [email protected]
Link to the Dividend Timetable Template - dividend-form.docx (live.com)
Dividends that fall outside these guidelines must be discussed and agreed in advance with the Corporate Actions Team on
+44 (0)20 7797 4754 and/ or e-mail [email protected].
Dividend with Options
Dividends with Options (Scrip Dividends, Dividend Reinvestment Plans (DRIPs), Currency Options, Dividend Income Access Plans)
that follow the guidelines of the Dividend Procedure timetable need not be notified to the Exchange in advance of the announcement,
provided that the dividend announcement includes the dividend amount (unless stated otherwise, dividends are stated as gross), the
record date, the pay date, the availability of any Scrip, DRIP or Currency Elections and the relevant Election date.
Advance notice should be given of any election date, which should fall at least ten business days after the record date. Timetables for
Dividends with Options which are outside the guidelines, should be agreed in advance with the Corporate Actions Team.
CREST Elections
An alternative ‘Electronic Election Entitlement’ (‘EEE’) process is available in CREST for dividends with options elections. Issuers
wishing to use the EEE process (subject to agreement with their paying agent) must ensure that the Dividend timetable follows the
Dividend Procedure Timetable outlined above. In addition, the Issuer, or their paying agent, must apply for the ISIN number(s) required
for the EEE. The announcement of the Dividend Option will need to confirm that the EEE process is being utilised. For details on
obtaining an ISIN number please follow this link www.lseg.com/isin
Payment dates
Companies should aim to pay straightforward cash dividends within 30 business days of the record date and Dividends with Options
within 20 business days of the election date.
The Exchange believes that these timescales are achievable for all companies and produce advantages for issuers and the market as
a whole. In most cases companies with relatively small shareholder registers should target paying a straightforward cash dividend
within 20 business days of the record date.
Payment dates that fall outside these guidelines must be discussed and agreed in advance with the Corporate Actions Team on
+44 (0)20 7797 4754 and/ or e-mail [email protected].
Dividends outside timetable guidelines
A special dividend subject to an offer becoming unconditional in all respects (UIAR), will be marked ex-dividend one business day
following announcement of the offer becoming UIAR, (if the announcement is made before 8.00am), or two business days following, (if
announced after 8.00am). The date the offer is announced as UIAR will normally be the record date.
A dividend which is conditional upon a Scheme of Arrangement becoming effective and which uses the same record date, would not
normally be marked ex-dividend.
A special dividend alongside a consolidation, will be deemed ex-entitlement to the dividend on the effective date, when dealings in the
consolidated shares begin. The record date for the dividend and consolidation should be the same date and be the business day prior
to the effective date.
These events or any other dividends which fall outside these guidelines must be discussed and agreed in advance with the Corporate
Actions Team on +44 (0)20 7797 4754 and/ or e-mail [email protected].
Overseas issuers
The Dividend Procedure Timetable applies to overseas issuers and if an overseas issuer wishes a timetable to fall outside the normal
timetable this should be agreed in advance with the Corporate Actions Team prior to publication and, in any case, at least six business
days prior to the proposed dividend record date. However, where the principal place of Listing is on an overseas Exchange, the issuer
should follow the rules for dividends as defined by that market.
Dividend Procedure Timetable 2024
3
Exchange Traded Funds (ETFs)
Dividends for ETFs should be announced six business days prior to the record date so as to be marked ex-dividend in the normal way,
(one business day prior to the record date), otherwise the ex-dividend date may be deferred until the following week.
The announcement must include the dividend amount and currency (unless stated otherwise, dividends are stated as gross) the ISIN
and the Tradable Instrument Display Mnemonics code (TIDM) of the affected securities, the record date and the pay date.
Dividends which fall outside these guidelines must be discussed and agreed in advance with the Corporate Actions team on
+44 (0)20 7797 4754 and/ or e-mail [email protected]
Depository Receipts
Dividends for Depository Receipts trading on the Exchange (including the International Order Book) should be notified to the Corporate
Actions Team at least three business days prior to the record date to allow the Depository Receipts to be marked ex-dividend in the
normal way, (one business day prior to the record date). In the event of late notification of the dividend for the underlying security to the
Depositary Bank, the Depositary Bank will be required to set a separate record date for the Depository Receipt in line with the above. In
this case the Depositary Bank should contact the Corporate Actions Team as soon as possible to agree the record and ex dates for the
Depository Receipt.
Fixed Interest Securities & Debt Securities
Any payment for fixed interest and debt securities must be notified to the Exchange no later than six business days prior to the record
date. Where fixed payment details are available the issuer or their agent may use one timetable to inform the Exchange of all future
payments. Notification should normally be made by email to s[email protected].
Dividend Procedure Timetable 2024
4
How to use the Dividend Procedure Timetable
If the ex-dividend or record date is the key date driving the timetable, declare the dividend on or before the announcement date on the
same line. If the announcement date is the key date driving a timetable, choose the ex-dividend and record date on the same line or on
any subsequent line. Ex-dividend dates normally fall on Thursdays, with the associated record date falling one business day later
usually on a Friday.
Dividend Procedure Timetable 2024
Ex-Dividend Date
Associated Record Date
Latest Announcement Date
All dates are a Thursday unless
otherwise shown
All dates are a Friday unless otherwise shown
All dates are a Thursday unless
otherwise shown
28/12/2023
29/12/2023
19/12/2023 (Tues)
04/01/2024
05/01/2024
27/12/2023 (Wed)
11/01/2024
12/01/2024
04/01/2024
18/01/2024
19/01/2024
11/01/2024
25/01/2024
26/01/2024
18/01/2024
01/02/2024
02/02/2024
25/01/2024
08/02/2024
09/02/2024
01/02/2024
15/02/2024
16/02/2024
08/02/2024
22/02/2024
23/02/2024
15/02/2024
29/02/2024
01/03/2024
22/02/2024
07/03/2024
08/03/2024
29/02/2024
14/03/2024
15/03/2024
07/03/2024
21/03/2024
22/03/2024
14/03/2024
28/03/2024
02/04/2024 (Tues)
21/03/2024
04/04/2024
05/04/2024
26/03/2024 (Tues)
11/04/2024
12/04/2024
04/04/2024
18/04/2024
19/04/2024
11/04/2024
25/04/2024
26/04/2024
18/04/2024
02/05/2024
03/05/2024
25/04/2024
09/05/2024
10/05/2024
01/05/2024 (Wed)
16/05/2024
17/05/2024
09/05/2024
23/05/2024
24/05/2024
16/05/2024
30/05/2024
31/05/2024
22/05/2024 (Wed)
06/06/2024
07/06/2024
30/05/2024
13/06/2024
14/06/2024
06/06/2024
20/06/2024
21/06/2024
13/06/2024
27/06/2024
28/06/2024
20/06/2024
04/07/2024
05/07/2024
27/06/2024
Dividend Procedure Timetable 2024
5
Ex-Dividend Date
Associated Record Date
Latest Announcement Date
11/07/2024
12/07/2024
04/07/2024
18/07/2024
19/07/2024
11/07/2024
25/07/2024
26/07/2024
18/07/2024
01/08/2024
02/08/2024
25/07/2024
08/08/2024
09/08/2024
01/08/2024
15/08/2024
16/08/2024
08/08/2024
22/08/2024
23/08/2024
15/08/2024
29/08/2024
30/08/2024
21/08/2024 (Wed)
05/09/2024
06/09/2024
29/08/2024
12/09/2024
13/09/2024
05/09/2024
19/09/2024
20/09/2024
12/09/2024
26/09/2024
27/09/2024
19/09/2024
03/10/2024
04/10/2024
26/09/2024
10/10/2024
11/10/2024
03/10/2024
17/10/2024
18/10/2024
10/10/2024
24/10/2024
25/10/2024
17/10/2024
31/10/2024
01/11/2024
24/10/2024
07/11/2024
08/11/2024
31/10/2024
14/11/2024
15/11/2024
07/11/2024
21/11/2024
22/11/2022
14/11/2024
28/11/2024
29/11/2024
21/11/2024
05/12/2024
06/12/2024
28/11/2024
12/12/2024
13/12/2024
05/12/2024
19/12/2024
20/12/2024
12/12/2024
24/12/2024 (Tues)
27/12/2024
17/12/2024 (Tues)
02/01/2025
03/01/2025
23/12/2024 (Mon)
If considered necessary for the purpose of maintaining orderly markets, the Exchange may request amendments or make alterations to
the Dividend Procedure Timetable at any time.
Dividend Procedure Timetable 2024
6
Disclaimer:
While the information in this document has been prepared using the best information available at the time of publication, the
London Stock Exchange cannot guarantee the completeness, accuracy and correctness of the data contained therein and accepts
no liability for any decisions taken, or systems or other work carried out by any party, based on this document. The information is not
intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution would be contrary to local law
or regulation. The Contents of this document do not constitute an invitation to invest in any security, or constitute or form part of any offer for
sale or subscription of, or any invitation to offer to buy or subscribe for, any securities or other financial instruments, nor should it or any part
of it form the basis of, or be relied upon in any connection with any contract or commitment whatsoever.
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