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The Dividend Reinvestment Plan (DRIP) is provided by Equiniti Financial Services Limited (Equiniti FS).

The DRIP Terms and Conditions can be found at Shareview. You should read these as they form the basis upon which the DRIP services will be provided to you. If you wish to receive a copy of the DRIP Terms and Conditions please contact Equiniti.

If you are unsure about joining then you should contact an authorised financial adviser.

The DRIP is provided by Equiniti Financial Services Limited (Equiniti FS).

The DRIP Terms and Conditions can be found at Shareview. You should read these as they form the basis upon which the DRIP services will be provided to you. If you wish to receive a copy of the DRIP Terms and Conditions please contact Equiniti.

If you are resident in the UK you can join. If you live overseas, please see section 3 of the full terms and conditions for more information on whether you can join. 

You are responsible for checking if you are eligible to join. The DRIP is not available if you are resident in the United States, Canada, India, Pakistan or China. 

Usually you must participate in the DRIP for all the shares in your account. But, if your shares are held for more than one beneficial owner, we may at our discretion allow you to reinvest the cash dividend on only part of your shareholding. 

If you hold shares in CREST, you will need to make your election to join the DRIP through CREST. Please refer to the elections process document available at Shareview.

There is no charge for joining or leaving the DRIP and there is no annual fee.

Please note that the commission charge is changing from 22 February 2023.

The commission charge to 21 February 2023 is 0.75% of the value of shares purchased, with no minimum fee.

From 22 February 2023, the commission charge will be 1.5% of the value of shares purchased, with a minimum fee of £2.00.

Other fees may apply – see the full terms and conditions at Shareview.

Payment of stamp duty reserve tax (currently 0.5% of the value of the shares that you buy) will also be paid from your dividend proceeds on your behalf.

Residues are returned as cash when someone leaves the DRIP. An Annual Management Fee applies to these cash payments where they remain unclaimed. Any fee will be taken from the unclaimed payment held (up to a maximum of £5 including VAT per annum). Please note this only applies to payments issued to you when you leave the DRIP which you do not cash.

Equiniti will start the purchase as soon as practicable on or after the dividend payment date. This may take several days to complete. You cannot specify a maximum or minimum price. It may be necessary to carry out several transactions and the prices at which shares are purchased may vary, in which case all participants will receive the same average price. Shares will usually be added to your holding three to four days after the dividend payment date.

To participate in the DRIP for a particular dividend, your election must be received 15 working days prior to the next dividend payment date, otherwise your dividend will be paid in cash. Elections received after this will only apply to subsequent dividends. You can find out more about the DRIP here. If you have any questions about the DRIP, you should contact Equiniti.

Any residual cash will be carried forward (without interest) and added to your next dividend.

Equiniti will issue a statement quarterly informing you of the cash balance held and/ or showing details of your share purchases in the DRIP. These will be made available online via your Shareview Portfolio. An email will be issued to the address associated with your Shareview Portfolio to let you know when each statement is available and how to access it.

If you hold your shares in certificated form you will receive a DRIP purchase statement along with your new share certificate in the post after every eligible dividend.

If you do not activate your Shareview Portfolio, you will receive an annual DRIP purchase statement in the post showing details of all eligible DRIP dividends received during the year where dividends are paid on shares held in the Corporate Nominee Service.

If you would prefer to receive your quarterly statements in the post, please call the automated service on 0371 384 2122 (+44 121 441 7707 if calling from outside the UK). You will need your Shareholder Reference which can be found on your Share Certificate of Corporate Nominee Service opening statement.

The number of shares you will receive for each dividend will depend on:

  1.  your cash dividend, based on the number of shares you hold at the dividend record date
  2. any cash balance brought forward from previous dividends
  3. the price at which the shares are bought, and
  4. the dealing costs and stamp duty reserve tax for the purchase of shares.

You will receive the maximum whole number of shares which can be bought on your behalf.

Any cash balance will be carried forward (without interest) and added to your next dividend.

You can view the historical DRIP share purchase prices here.

Yes, you can leave the DRIP at any time and there is no charge. Simply update your ‘Dividend Elections’ on your Shareview Portfolio or call Equiniti. You will also need to register a bank mandate instruction in order to receive cash dividends direct.

Equiniti must receive your cancellation notice at least 15 working days before the dividend payment date, otherwise your instruction will only take effect from the subsequent dividend.

For tax purposes in the UK, you are treated as if you had received the whole of your dividend in cash and bought the shares yourself. Your dividend will receive the same tax treatment as cash payments.
A Dividend Confirmation detailing the whole amount of the dividend invested in the DRIP will be made available to you along with a share purchase statement, which will confirm the purchase price, volume and trade costs of your new shares plus any cash balance rolled over to the next dividend. This will be made available shortly after completion of the share purchase.
Investor relations

The information in this section of the site is intended for investment professionals only.

This section of the website is for the sole use of investment professionals. It should not be relied on by private investors and the information should not be construed as a financial promotion under the Financial Conduct Authority’s (FCA) Conduct of Business rules.

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The information in this section of the site is intended for journalists and media professionals only.

This section of the website is for the sole use of journalists and media professionals. It should not be relied on by private investors or advisers and the information should not be construed as a financial promotion under the Financial Conduct Authority’s (FCA) Conduct of Business rules.
M&G Investments

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Prudential Financial, Inc.,

If you are looking for the affiliates of Prudential Financial, Inc., whose principal place of business is in the United States of America, click here to proceed.

Prudential plc

If you are looking for the affiliates of Prudential plc, an international group incorporated in England and Wales, click here to proceed.

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G Investments

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M&G plcの直接子会社であるM&G Investments(M&Gインベストメント)のウェブサイトにアクセスするには、
こちらをクリックしてください。

Prudential Financial, Inc.,

If you are looking for the affiliates of Prudential Financial, Inc., whose principal place of business is in the United States of America, click here to proceed.

アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.(プルデンシャル・ファイナンシャルInc.)の関連会社をお探しの場合は、こちらをクリックしてください。

Prudential plc

If you are looking for the affiliates of Prudential plc, an international group incorporated in England and Wales, click here to proceed.

イングランド及びウェールズで設立された国際グループ企業であるPrudential plc(プルデンシャル・ピーエルシー)の関連会社をお探しの場合は、こちらをクリックしてください。

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA(健全性監督機構)及びFCA(金融行為規制機構) に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited(プルデンシャル・アシュアランス・カンパニー・リミテッド)の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.(プルデンシャル・ファイナンシャルInc.)またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc(プルデンシャル・ピーエルシー)とは一切関係がありません。

Prudential Portfolio Managers (South Africa) (Pty) Limited

You are about to enter the website of MandG Investments Southern Africa (Pty) Ltd a direct subsidiary of M&G plc. Click here to proceed.

Prudential plc

If you are looking for the affiliates of Prudential plc, an international group incorporated in England and Wales, click here to proceed.

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.