United Kingdom and Ireland: Corporate Actions: New payment process for dividend payments on Dividend Reinvestment Plans and Dividend Options

24.03.2016

Clearstream Banking1 would like to inform customers that, effective

1 April 2016

Clearstream Banking will pay out dividends attributed to Dividend Reinvestment Plans (DRIPs) and Dividend Options (DVOPs) only when the funds have been confirmed on Clearstream Banking's account and these will be credited to customers only upon receipt of these funds.

These changes apply only to impact payments for securities being held on the United Kingdom and Ireland domestic markets and are in order to align with Clearstream Banking’s Corporate Action Events policy for payment of proceeds.

Impact on customers

Whereas customers were previously paid during the first payment batch of the day, as from the above effective date, customers will be funded later on during the course of the announced payment date.

Further information

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
------------------------------------------
1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.