Glencore plc FURTHER DETAILS OF THE LONMIN DISTRIBUTION

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Glencore plc FURTHER DETAILS OF THE LONMIN DISTRIBUTION"

Transcription

1 Draft Linklaters LLP 30/03/2015 THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION IF YOU HOLD 30,000 GLENCORE SHARES OR FEWER AND ARE ELIGIBLE TO RECEIVE LONMIN SHARES UNDER THE LONMIN DISTRIBUTION, YOU ARE REQUIRED TO TAKE ACTION IF YOU WISH TO RETAIN YOUR LONMIN SHARES The contents of this document, which have been prepared by and are the sole responsibility of Glencore plc (Glencore or the Company), have been approved by Citigroup Global Markets Limited (Citi) solely for the purposes of section 21(2)(b) of the UK Financial Services and Markets Act 2000 (FSMA). Citi, which is authorised and regulated in the UK by the Financial Services Authority, is acting exclusively for Glencore and no one else in connection with the Lonmin distribution (as defined below) and will not be responsible to any other person other than Glencore for providing the protections afforded to clients of Citi or for providing advice in relation to the Lonmin distribution. Apart from the responsibilities and liabilities, if any, which may be imposed on Citi by FSMA or the regulatory regime established thereunder, Citi accepts no responsibility whatsoever for the contents of this document, including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on its behalf, in connection with the Company or the Lonmin distribution. Citi accordingly disclaims all and any liability whether arising in tort, contract or otherwise (save as referred to above) which it might otherwise have in respect of this document or any such statement. Glencore plc FURTHER DETAILS OF THE LONMIN DISTRIBUTION This document is a supplement to the Notice of Annual General Meeting of Glencore dated 2 April 2015 (the AGM Notice). This document does not constitute an offer to sell nor a solicitation to buy securities as such terms are defined under the U.S. Securities Act of 1933 (the U.S. Securities Act). The ordinary shares of Lonmin plc (Lonmin Shares) have not been and will not be registered under the U.S. Securities Act or under any securities laws of any state or other jurisdiction of the United States (U.S.) and may not be offered, sold, taken up or renounced, directly or indirectly, within the U.S. except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the U.S. There will be no public offer of the Lonmin Shares in the U.S. The Lonmin Shares being offered outside the U.S. are being offered in reliance on Regulation S under the U.S. Securities Act (Regulation S). Subject to certain exceptions, any person who acquires Lonmin Shares will be deemed to have declared, warranted and agreed, by accepting delivery of this document or accepting delivery of the Lonmin Shares, that they are not, and that at the time of acquiring the Lonmin Shares they will not be, in the U.S. or acting on a nondiscretionary basis on behalf of, or for the account or benefit of, a person in the U.S. Notwithstanding the foregoing, Glencore reserves the right to offer and deliver the Lonmin Shares to a limited number of shareholders in the U.S. reasonably believed to be qualified institutional buyers within the meaning of Rule 144A under the U.S. Securities Act (QIBs), in offerings exempt from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act. If you are in the U.S. (within the meaning of Regulation S) or acting on a non-discretionary basis on behalf of, or for the account or benefit of, a person in the U.S., in order to acquire any Lonmin Shares, you must sign and deliver a U.S. QIB Letter (as defined and explained in this document). No representation has been or will be made by Glencore as to the availability of an exemption under the U.S. Securities Act or any state securities laws for the re-offer, sale, pledge or transfer of the Lonmin Shares by any investor. Glencore reserves the right not to distribute any Lonmin Shares to shareholders with a registered address in the U.S., that provide an address in the U.S. for the acceptance of Lonmin Shares or that otherwise appear to Glencore to be located in the U.S., where Glencore believes delivery of the Lonmin Shares may infringe on applicable legal or regulatory requirements.

2 EXPECTED TIMETABLE OF PRINCIPAL EVENTS Other than in respect to the date and time for the Glencore annual general meeting, the dates and times given in the table below in connection with the Lonmin distribution are indicative and are based on Glencore s current expectations and may be subject to change (including being conditional on the passing of Resolution 3 in the AGM Notice). If any of the times and/or dates below change, the revised times and/or dates will be notified to Glencore shareholders through a Regulatory Information Service. All references in this document to times and dates are to Central European Summer Time (CEST) times and dates unless otherwise stated. Capitalised terms used in the table below have the meaning given to them within this document. Glencore Annual General Meeting All cross border movements of Glencore shares between the Jersey register and Hong Kong and South Africa branch registers halted Election entitlement stock line to be credited for CREST shareholders, CREST nominee holders (Jersey register) and CSDP (South Africa branch register) 11 a.m. CEST 7 May May 2015 to 15 May 2015 (inclusive) 9 a.m. CEST 11 May 2015 Ex-dividend date in respect of the Lonmin distribution (South Africa branch register) 11 May 2015 Ex-dividend date in respect of the Lonmin distribution (Hong Kong branch register) 14 May 2015 Ex-dividend date in respect of the Lonmin distribution (Jersey register) 14 May 2015 Last time for U.S. QIB Letter and U.S. Non-QIB Letter to be received Last time for elections in respect of the Lonmin distribution to be received (where applicable) Lonmin distribution record date Transfer of Lonmin Shares to relevant Glencore shareholders (certificated Lonmin Shares distributed and CREST/CSDP accounts credited) 1 p.m. CEST 15 May p.m. CEST 15 May p.m. CEST 15 May June 2015 Payment of net cash proceeds of sale to relevant Glencore shareholders 9 June

3 Overview PART I: DESCRIPTION OF THE LONMIN DISTRIBUTION On 11 February 2015, Glencore announced its intention to divest its non-core 23.9% stake in Lonmin plc (Lonmin), which it inherited through the acquisition of Xstrata plc in May Glencore proposes to implement the divestment by way of a capital distribution in specie to shareholders out of the capital contribution reserves of the Company (the Lonmin distribution). The Lonmin distribution will enable shareholders to manage the investment in Lonmin for their own account. Lonmin Shares are admitted to the premium listing segment of the official list and to trading on the London Stock Exchange s main market for listed securities, and also have a secondary listing on the Johannesburg Stock Exchange. The Lonmin Distribution The Lonmin distribution will be made pursuant to Article 8.13 of Glencore s existing articles of association and the Directors propose that it is to be paid only from the capital contribution reserves of the Company. The Lonmin distribution requires shareholder approval, which is being sought by way of resolution 3 set out in the AGM Notice. If approved, shareholders will, subject to certain exclusions described below in this Part I under the headings Fractional Entitlements, Excluded Shareholders, Eligible Smaller Glencore Shareholders and Hong Kong Shareholders, receive their pro rata share of Glencore s holding of 139,513,430 Lonmin Shares. Glencore has appointed a financial institution (the Sale Agent) to conduct the sale of any Lonmin Shares subject to these exclusions (the Managed Sale). The Managed Sale is described below in this Part I under the heading Conduct of the Managed Sale by the Sale Agent. The Lonmin distribution will not impact Glencore's cash distribution programme. Fractional Entitlements In accordance with Article 8.13, entitlements to fractions of Lonmin Shares arising as a result of the Lonmin distribution will be aggregated and included in the Managed Sale, with Glencore retaining the proceeds of sale. Excluded Shareholders Due to regulatory and practical difficulties, the Directors consider Glencore shareholders in the U.S. who are not QIBs (together, Excluded Shareholders) to be in a different position from other Glencore shareholders with regard to the Lonmin distribution. The treatment of Excluded Shareholders in light of these difficulties is set out below. U.S. Any person in the U.S who obtains a copy of this document should inform themselves about and observe any legal restrictions. The Lonmin Shares being offered outside the U.S. are being offered in reliance on Regulation S. Subject to certain exceptions, any person who acquires Lonmin Shares will be deemed to have declared, warranted and agreed, by accepting delivery of this document or accepting delivery of the Lonmin Shares, that they are not, and that at the time of acquiring the Lonmin Shares they will not be, in the U.S. (within the meaning of Regulation S) or acting on a non-discretionary basis on behalf of, or for the account or benefit of, a person in the U.S. Glencore reserves the right to offer and deliver the Lonmin Shares to a limited number of shareholders in the U.S. reasonably believed to be QIBs in offerings exempt from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act. 3

4 Accordingly, if you are in the U.S. (within the meaning of Regulation S) or acting on a nondiscretionary basis on behalf of, or for the account or benefit of, a person in the U.S., you must sign and deliver an investor letter which certifies that EITHER: (i) (ii) the Glencore shares held by you are held on behalf of a QIB (a U.S. QIB Letter); or the Glencore shares held by you are not held on behalf of a QIB (a U.S. Non-QIB Letter). Glencore shareholders signing and delivering a U.S. QIB Letter will receive Lonmin Shares in the Lonmin distribution. Glencore shareholders signing and delivering a U.S. Non-QIB Letter will have the Lonmin Shares attributable to such shareholders sold in the Managed Sale and the net cash proceeds from the sale delivered to them. Where necessary, the relevant investor letter must be signed and delivered to Computershare at the address or address stated on it by no later than 1 p.m. CEST on 15 May You can also request a copy of either investor letter by contacting Computershare Investor Services PLC by telephone between 8.30 a.m. (UK time) and 5.30 p.m. (UK time) Monday to Friday (except UK public holidays) on +44 (0) IF YOU ARE NOT, AND AT THE TIME OF ACQUIRING LONMIN SHARES YOU WILL NOT BE, IN THE U.S. (WITHIN THE MEANING OF REGULATION S) AND ARE NOT ACTING ON A NON- DISCRETIONARY BASIS ON BEHALF OF, OR FOR THE ACCOUNT OR BENEFIT OF, A PERSON IN THE U.S., YOU DO NOT NEED TO SIGN AND DELIVER AN INVESTOR LETTER. Hong Kong Shareholders Due to legal and practical difficulties under the laws and regulations applicable to shareholders holding shares on Glencore s Hong Kong branch register (including those who hold their Glencore shares through CCASS, being the Hong Kong clearing system) (Hong Kong Shareholders), separate arrangements are being made for them with regard to the Lonmin distribution, which will be communicated to Hong Kong Shareholders as soon as practicable. Accordingly, the contents of this document do not apply to Hong Kong Shareholders, who must refer to the specific communications disseminated to them for this purpose. Eligible Smaller Glencore Shareholders The Lonmin distribution will allow Glencore shareholders to manage the investment in Lonmin for their own account. Based on the issued share capital of Glencore (excluding treasury shares) and the market price of Lonmin Shares, in each case as at 27 March 2015, the latest practicable date prior to publication of this document, the value of the Lonmin distribution is equivalent to approximately 1.3 pence per Glencore share. If a holder of a relatively small number of Glencore shares were to attempt to sell the Lonmin Shares to which he is entitled under the Lonmin distribution, it is likely that the cost of disposal would account for a material proportion of the proceeds of sale. With this cost in mind, the Directors consider holders of 30,000 Glencore shares or fewer (Smaller Glencore Shareholders) to be in a different position from holders of larger numbers of Glencore shares (i.e. holders of more than 30,000 Glencore shares) with regard to the Lonmin distribution, and have put in place the arrangements described below. 4

5 The arrangements described below are available only to Smaller Glencore Shareholders who are not Excluded Shareholders (Eligible Smaller Glencore Shareholders). You should read carefully the four categories described below and act according to your circumstances: (i) (ii) (iii) (iv) Eligible Smaller Glencore Shareholders Holding in Certificated Form; Eligible Smaller Glencore Shareholders Holding Directly in CREST; Eligible Smaller Glencore Shareholders Holding Through a CREST Nominee; or Eligible Smaller Glencore Shareholders Holding Shares in STRATE 1. Eligible Smaller Glencore Shareholders Holding in Certificated Form The default position is that the Lonmin Shares of Eligible Smaller Glencore Shareholders who hold their Glencore shares in certificated form at 7 p.m. CEST on 15 May 2015 will be sold on their behalf pursuant to the Managed Sale, and such Eligible Smaller Glencore Shareholders will receive the net cash proceeds from the sale. However, Glencore is implementing a facility (the Share Election Facility) whereby Eligible Smaller Glencore Shareholders may elect not to have their Lonmin Shares sold, and to receive their Lonmin Shares instead, if they so wish. If you held your current holding of Glencore shares on 30 March 2015, you will have received a form of election (Form of Election) with this document. If you are an Eligible Smaller Glencore Shareholder and wish to receive your Lonmin Shares rather than have them sold on your behalf, you should sign and return the Form of Election to the address stated on the Form of Election so as to arrive by 1 p.m. CEST on 15 May You may not submit a Form of Election in respect of part only of your holding of Glencore shares. You may not submit a Form of Election if you are, or at the time of acquiring the Lonmin Shares you will be, in the U.S. (within the meaning of Regulation S) or you are acting on a nondiscretionary basis on behalf of, or for the account or benefit of, a person in the U.S, unless you also sign and deliver a U.S. QIB Letter. Part II of this document sets out further information on completing your Form of Election. 2. Eligible Smaller Glencore Shareholders Holding Directly in CREST The default position is that the Lonmin Shares of Eligible Smaller Glencore Shareholders who hold their Glencore shares in CREST at 7 p.m. CEST on 15 May 2015 will be sold on their behalf pursuant to the Managed Sale, and such Eligible Smaller Glencore Shareholders will receive the net cash proceeds from the sale. However, Eligible Smaller Glencore Shareholders may elect pursuant to the arrangements described below not to have their Lonmin Shares sold, and to receive their Lonmin Shares instead if they so wish. Holders of Glencore shares in CREST will, for the purposes of allowing an election in CREST only, be credited at 9.00 a.m. CEST on 11 May 2015 (or such other date as the Directors may determine) with one interim CREST entitlement under the ISIN JE00BW4NK640 for each Glencore share held in CREST at 7 p.m. CEST on 8 May The interim CREST entitlement security will allow CREST holders who are Eligible Smaller Glencore Shareholders to elect electronically through the CREST system to receive their Lonmin Shares instead of having them sold on their behalf. 5

6 Eligible Smaller Glencore Shareholders in CREST will not have received a Form of Election with this document and, if they wish to retain their Lonmin Share entitlement, should instead take (or procure to be taken) the action set out below once their CREST accounts have been credited on 11 May 2015 (or such other date as the Directors may determine) with interim CREST entitlements, and in any event before 1 p.m. CEST on 15 May If Eligible Smaller Glencore Shareholders are CREST personal members, they should refer to their CREST sponsor before taking any action. CREST sponsors will be able to confirm details of a shareholder s participant ID and the member account ID under which their Glencore shares are held. In addition, only CREST sponsors will be able to give the USE Instruction to Euroclear by which Eligible Smaller Glencore Shareholders make their election. To make an election to keep your Lonmin Shares, Smaller Glencore Shareholders should give (or, if they are a CREST personal member, procure that their CREST sponsor gives) a USE Instruction, which must be properly authenticated in accordance with Euroclear s specifications and must contain, in addition to the other information that is required for settlement in CREST, the following details: (1) the number of interim CREST entitlements being elected; (2) the participant ID of Computershare, which is 8RA28; (3) the member account ID of Computershare, which is RETLONSH; (4) the ISIN for the interim CREST entitlements, which is JE00BW4NK640; (5) the corporate action number of the option to retain Lonmin Shares (this is allocated by Euroclear and can be found by viewing the relevant corporate action details in CREST); (6) the intended settlement date for the USE Instruction, which should be as soon as possible and in any event not later than 1 p.m. CEST on 15 May 2015; (7) the standard delivery instruction priority of 80; and (8) the name and contact number inserted in the shared note field. If you are in any doubt as to the procedure described above, please contact Computershare Investor Services PLC at Computershare, Corporate Actions Projects, Bristol, BS99 6AH or by telephone between 8.30 a.m. (UK time) and 5.30 p.m. Monday to Friday (except UK public holidays) on +44 (0) You are reminded that, if you are a CREST personal member, you should contact your CREST sponsor before taking any action. 3. Eligible Smaller Glencore Shareholders Holding Through a CREST Nominee CREST nominee holders registered as holding more than 30,000 Glencore shares may elect to have some or all of their Lonmin Shares sold pursuant to the Managed Sale, provided they are acting on behalf of underlying clients who hold beneficially 30,000 Glencore shares or fewer. Holders of Glencore shares in CREST will, for the purposes of allowing an election in CREST only, be credited at 9.00 a.m. CEST on 11 May 2015 (or such other date as the Directors may determine) with one interim CREST entitlement under the ISIN JE00BW4NK640 for each Glencore share held in CREST at 7 p.m. CEST on 8 May The interim CREST entitlement security will allow CREST nominee holders to elect electronically through the CREST system to sell some or all of the Lonmin Shares pursuant to the Managed Sale, if their underlying clients so wish. Holders of Glencore shares in CREST who hold on behalf of underlying clients who hold 30,000 Glencore shares or fewer should take (or procure to be taken) the action set out below once their 6

7 CREST accounts have been credited on 11 May 2015 (or such other date as the Directors may determine) with interim CREST entitlements, and in any event before 1 p.m. CEST on 15 May 2015, if such underlying clients wish to sell their Lonmin Shares pursuant to the Managed Sale. To make an election to sell Lonmin Shares, CREST nominee shareholders should give (or, if they are a CREST personal member, procure that their CREST sponsor gives) a USE Instruction, which must be properly authenticated in accordance with Euroclear s specifications and must contain, in addition to the other information that is required for settlement in CREST, the following details: (1) the number of interim CREST entitlements being elected; (2) the participant ID of Computershare, which is 8RA28 ; (3) the member account ID of Computershare, which is SELLONSH; (4) the ISIN for the interim CREST entitlements, which is JE00BW4NK640; (5) the corporate action number of the option to sell Lonmin Shares (this is allocated by Euroclear and can be found by viewing the relevant corporate action details in CREST); (6) the intended settlement date for the USE Instruction, which should be as soon as possible and in any event not later than 1 p.m. CEST on 15 May 2015; (7) the standard delivery instruction priority of 80; and (8) the name and contact number inserted in the shared note field. If you are in any doubt as to the procedure described above, please contact Computershare Investor Services PLC at Computershare, Corporate Actions Projects, Bristol, BS99 6AH or by telephone between 8.30 a.m. (UK time) and 5.30 p.m. (UK time) Monday to Friday (except UK public holidays) on +44 (0) By electing for the sale of a Lonmin Share entitlement, a CREST holder warrants that the election relates to underlying beneficiaries entire individual holdings of Glencore shares that each comprise 30,000 Glencore shares or fewer, and that the total election does not include any underlying beneficiary holding that exceeds 30,000 Glencore shares. 4. Eligible Smaller Glencore Shareholders Holding Shares in STRATE Due to the manner in which the STRATE settlement system operates, holders of 30,000 Glencore shares or fewer in STRATE who wish to receive cash rather than Lonmin Shares must instruct their Central Securities Depositary Participant (CSDP) or broker accordingly in terms of the custody agreement entered into between them and their CSDP or broker. A CSDP will be able to make an election(s) (if any) through the STRATE system in the normal manner for such corporate actions. STRATE CSDPs holding more than 30,000 Glencore shares may elect to have some or all of their Lonmin Shares sold provided they are acting on behalf of underlying clients in STRATE who hold beneficially 30,000 Glencore shares or fewer. By electing for the sale of a Lonmin Share entitlement, a CSDP warrants that the election relates to underlying beneficiaries entire individual holdings of Glencore shares that each comprise 30,000 Glencore shares or fewer, and that the total election does not include any underlying beneficiary holding that exceeds 30,000 Glencore shares. 7

8 Conduct of the Managed Sale by the Sale Agent The Sale Agent will sell the Lonmin Shares representing fractional entitlements, those of Excluded Shareholders and those of Eligible Smaller Glencore Shareholders whose entitlements are (whether pursuant to an election or otherwise) to be sold as described above. The Sale Agent will conduct the sale of the Lonmin Shares in such manner as the Sale Agent determines in good faith, in its absolute discretion, with the objective of seeking to achieve the best price reasonably obtainable, having regard to a number of factors such as prevailing market conditions. It is currently expected that the sale of the Lonmin Shares will be carried out over a number of days. In providing services to Glencore in connection with the Managed Sale and the sale of Lonmin Shares to which Excluded Shareholders and Eligible Smaller Glencore Shareholders would otherwise have been entitled, the Sale Agent is not acting as agent or sub agent of any Excluded Shareholder or Eligible Smaller Glencore Shareholder, does not have any duties or obligations (fiduciary or otherwise) to Excluded Shareholders or Smaller Glencore Shareholders and is not underwriting the sale of any Lonmin Shares. The Sale Agent, together with its affiliates, is a full service financial institution engaged in various activities, which may include trading, financing, financial advisory, investment management, investment research, principal investment, hedging, market making, brokerage and other financial and non-financial activities and services. The proceeds from such sales of Lonmin Shares, net of dealing costs (which will include the Sale Agent s brokerage commission of 0.2 per cent. of the sale price), will be aggregated and the amount due to each Glencore shareholder whose Lonmin Shares have been sold will be calculated on an averaged basis so that all such shareholders will receive the same price per Lonmin Share, subject to currency conversions (where applicable) at prevailing FX rates and to rounding to the nearest whole cent, penny, rand, centime or equivalent measure of currency (as applicable). Consequently, the amount per Lonmin Share received by Glencore shareholders whose Lonmin Shares have been sold will be different from the actual price that is received by the Sale Agent for that particular Lonmin Share. Settlement Settlement of net cash proceeds Glencore shareholders whose Lonmin Shares are sold through the Managed Sale can expect to be sent the net cash proceeds of the sale on 9 June 2015 in the same manner and in the same currency as they receive cash distributions on Glencore shares. Settlement of Lonmin Shares Eligible Glencore shareholders on the register of members on the Lonmin distribution record date will receive their Lonmin Shares on 9 June If a Glencore shareholder receives Lonmin Shares in respect of his Glencore shares: (a) (b) (c) and the Glencore shares are held on the Jersey register of members in certificated form, the Glencore shareholder will receive his Lonmin Shares in certificated form on Lonmin s UK register of members; and the Glencore shares are held on the Jersey register of members through CREST, the Glencore shareholder will receive his Lonmin Shares through CREST on Lonmin s UK register of members; and the Glencore shares are held on the South African branch register and in STRATE, the Glencore shareholder will receive his Lonmin Shares in STRATE on Lonmin s South African branch register; or 8

9 (d) and the Glencore shares are held on the South African branch register and in certificated form, the Glencore shareholder will receive his Lonmin Shares in certificated form on Lonmin s South African branch register. Tax Part III of this document provides a description of taxation in respect of the Lonmin distribution. 9

10 PART II: HOLDERS OF CERTIFICATED GLENCORE SHARES COMPLETING YOUR FORM OF ELECTION If you are an Eligible Smaller Glencore Shareholder holding in certificated form, you will find your white Form of Election enclosed with this document. Elections will not become effective until 1 p.m. CEST on 15 May Smaller Glencore Shareholders will only be able to make one election in respect of their entire holding of Glencore shares. OPTION 1: RECEIVE THE CASH PROCEEDS FROM THE AUTOMATIC SALE OF YOUR LONMIN SHARES Eligible Smaller Glencore Shareholders who wish to receive cash for their Lonmin Shares DO NOT need to sign or return the white Form of Election as they will automatically receive cash proceeds from the sale of their Lonmin Shares so long as they have not elected for Option 2. OPTION 2: RECEIVE YOUR LONMIN SHARES Eligible Smaller Glencore Shareholders who wish to receive Lonmin Shares DO need to sign and return the white Form of Election in accordance with the following instructions: Step 1 The name and address of the shareholder, or the names of joint shareholders and their addresses, are shown at the top of the Form of Election. Please check the name(s) and address(es) are correct. If you do not buy, sell or otherwise transfer any Glencore shares between 7.00 p.m. CEST on 30 March 2015 and the Lonmin distribution record date, an indication of the number of Lonmin Shares you will be entitled to under the Lonmin distribution is shown in the box at the top of the Form of Election. The indicative number of Lonmin Shares is calculated based on the number of Glencore shares you held as of 30 March 2015 and the issued share capital of Glencore as at the same date, being the latest practicable date before the publication of this document and the Form of Election. If you sell or transfer any Glencore shares held in your name before the Lonmin distribution record date or purchase additional Glencore shares before the Lonmin distribution record date, your election or deemed election will be in respect of ALL your shares held as at the Lonmin distribution record date, provided that the number of Glencore shares you hold at that time is 30,000 or fewer. The actual number of Lonmin Shares to which you will be entitled will be determined on the Lonmin distribution record date, and may differ from the indicative number shown on your Form of Election. Step 2 Sign the white Form of Election in the appropriate box(es). Once signed, the white Form of Election should be returned in the reply-paid envelope provided (no stamps will be required if posted in the UK) to be received no later than 1 p.m. CEST on 15 May If you do not use the envelope provided, the white Form of Election should be sent to the address stated on the Form of Election. If the Form of Election is incorrectly completed Notwithstanding the instructions set out above, Glencore reserves the right at its sole discretion to accept completed white Forms of Election received after the relevant due date for receipt of such 10

11 forms by Computershare, and to accept incomplete or incorrectly completed white Forms of Election. Glencore further reserves the right at its sole discretion to reject any white Forms of Election if to act on the election would be illegal. All questions as to the form and validity (including the time of receipt) of any white Form of Election will be determined by Glencore, in its absolute discretion, which determination shall be final and binding. None of Glencore, Computershare, or any of their respective employees, directors, officers or agents will be under any duty to give notification of any defect or irregularity in any white Form of Election or incur any liability for failure to give any such notification. 11

12 Taxation PART III: TAXATION IN RESPECT OF THE LONMIN DISTRIBUTION The following section is a summary guide only to certain aspects of the Lonmin distribution in the UK, Switzerland, Jersey, the U.S and South Africa. This does relate to the specific tax position of all shareholders in all jurisdictions. This summary does not purport to be a legal or tax opinion. Shareholders are advised to consult their own tax advisers. The summary does not address the tax effects of holding and disposing of Lonmin Shares other than pursuant to the Managed Sale. The description of the taxation consequences is written on the basis that the Company is and will be solely resident in Switzerland for tax purposes and will therefore be subject to the Swiss tax regime and not (except as noted below) the Jersey tax regime. As a consequence, please refer to the section Swiss Taxation below for information about withholding tax on dividends and similar cash or in-kind distributions. UK Taxation The comments set out below are based on current UK tax law as applied in England and Wales and HM Revenue & Customs practice (which may not be binding on HM Revenue & Customs) as at the date hereof, both of which are subject to change, possibly with retrospective effect. They are intended as a general guide as to certain UK tax consequences of the Lonmin distribution and apply only to shareholders who hold their Glencore shares as an investment and who are the absolute beneficial owners thereof. Certain categories of shareholder, including those carrying on certain financial activities, those subject to specific tax regimes or benefitting from certain reliefs or exemptions, those connected with Glencore and those for whom the shares are employment related securities may be subject to special rules and this summary does not apply to such shareholders. Save in the case of comments on UK stamp duty and stamp duty reserve tax (SDRT), the comments below apply only to shareholders who are resident in the UK for tax purposes. Lonmin Distribution Glencore has been advised that a distribution out of its capital contribution reserves, which would include the Lonmin distribution, should be a capital distribution for the purposes of UK tax law. On this basis, a UK tax resident shareholder receiving Lonmin Shares on the Lonmin distribution should, depending on his circumstances (and subject to the availability of any exemptions or reliefs), be treated as making a part disposal of his Glencore shares for a consideration equal to the market value of the Lonmin Shares received for the purposes of UK taxation of chargeable gains. The chargeable gain will be computed on the basis of an apportionment of the allowable cost of the holding in the shareholder s Glencore shares between the interest disposed of and the Glencore shares retained by reference to the value of the Lonmin Shares on the one hand and the market value of the Glencore shares retained on the other. However, if the value of the Lonmin Shares received is small in comparison with the value of the Glencore shares prior to the Lonmin distribution, then no disposal will be treated as having been made on the occasion of the Lonmin distribution. Instead an amount equal to the value of the Lonmin Shares will be deducted from the holder s base cost in his Glencore shares. Based on current HMRC practice, the value of the Lonmin Shares received should generally be treated as small if the market value of the Lonmin Shares received is 3,000 or less or (if greater) is 5% or less of the market value of the Glencore Shares. 12

13 UK resident shareholders should obtain a market value base cost in the Lonmin Shares received pursuant to the Lonmin distribution. Where a Glencore shareholder receives net proceeds of sale of Lonmin Shares pursuant to the Managed Sale, the Company has been advised that this is likely to be treated as a capital distribution (with the consequences described above) and as a sale of the entitlement to Lonmin Shares. Stamp Duty and SDRT Where Lonmin Shares are delivered in certificated form or within CREST, the Lonmin distribution should not give rise to a charge to UK stamp duty or SDRT. Where Lonmin Shares are delivered within STRATE, on the basis of the Company s understanding of HMRC practice, no charge to stamp duty or SDRT should arise. Where Lonmin Shares are sold on behalf of a Glencore shareholder, a charge to UK stamp duty or SDRT may arise on such disposal. Such cost will generally be borne by the purchaser pursuant to the Managed Sale. Jersey Taxation The following summary of the anticipated treatment of the Lonmin distribution for holders of Glencore shares (other than residents of Jersey) is based on current Jersey taxation law and practice. It does not constitute legal or tax advice and does not address all aspects of Jersey tax law and practice. Glencore will not be required to withhold or deduct any amount for, or on account of, Jersey tax on making the Lonmin distribution. The holders of Glencore shares (other than residents of Jersey) will not be subject to any tax in Jersey in respect of the Lonmin distribution (or receipt of the proceeds of disposal of Lonmin Shares). No stamp duty is payable in Jersey on the Lonmin distribution or on a disposal of Lonmin Shares. Swiss Taxation The following paragraphs are a general summary and discuss Swiss withholding tax and certain Swiss tax consequences for Glencore shareholders in respect of the Lonmin distribution. The summary is based, as applicable, on the tax laws, regulations, decrees, rulings, administrative practice and judicial decisions of Switzerland as in effect on the date of this document which are subject to change (or subject to changes in interpretations), possibly with retrospective effect. It does not take into account investors individual circumstances. Tax consequences may differ according to the shareholder s particular circumstances. The statements and discussion of Swiss taxes set out below are of a general nature and do not relate to persons in the business of buying and selling shares or other securities. Lonmin Distribution The Lonmin distribution will not be subject to Swiss withholding tax. Individuals who are resident in Switzerland for tax purposes and hold Glencore shares as part of his or her private assets (Privatvermögen) who receive the Lonmin distribution will not be subject to federal, cantonal and communal income tax. Swiss resident individuals holding Glencore shares as business assets, as well as non-swiss resident individuals holding the shares as part of a permanent establishment or a fixed place of business will normally be required to include the Lonmin distribution in his or her income statement 13

14 and will be subject to federal, cantonal and communal income tax on any net taxable income for the relevant tax period. Legal entities resident in Switzerland or non-swiss resident entities holding Glencore shares as part of a Swiss permanent establishment are normally required to include all taxable distributions received on the Glencore shares (which will include the Lonmin distribution) in their profit and loss statement relevant for profit tax purposes and will be subject to federal, cantonal and communal corporate profit tax on any net taxable earnings for such period. Where a Glencore shareholder receives net proceeds of sale of Lonmin Shares pursuant to the Managed Sale, this is likely to be treated as a capital distribution (with the consequences described above) and as a sale of the entitlement to Lonmin Shares in which shareholders should have obtained a market value basis. Transfer Taxes The Lonmin distribution and any sale of Lonmin Shares on behalf of a Glencore shareholder will not be subject to Swiss transfer taxes provided that such transfer does not occur through or with a Swiss or Lichtenstein bank or securities dealer as defined in the Swiss Federal Stamp Tax Act. U.S. Taxation The following is a summary of certain U.S. federal income tax consequences of the receipt of the Lonmin Shares pursuant to the Lonmin distribution or the receipt of the sales proceeds from the sale of the Lonmin Shares pursuant to the Managed Sale by a U.S. Holder (as defined below). This summary deals only with U.S. Holders that hold Glencore shares as capital assets. The discussion does not cover all aspects of U.S. federal income taxation that may be relevant to, or the actual tax effect that any of the matters described herein will have on, the receipt of the Lonmin Shares pursuant to the Lonmin distribution or the receipt of the sales proceeds from the sale of the Lonmin Shares as contemplated in this document by particular investors (including consequences under the alternative minimum tax or net investment income tax) or the consequences of holding or disposing of the Lonmin Shares (other than the consequences of the receipt of proceeds from the sale of the Lonmin Shares as contemplated in this Circular), and does not address state, local, non-u.s. or other tax laws. This summary also does not address tax considerations applicable to investors that own (directly, indirectly or by attribution) 5 per cent. or more of the voting stock of Glencore, nor does this summary discuss all of the tax considerations that may be relevant to certain types of investors subject to special treatment under the U.S. federal income tax laws (such as financial institutions, insurance companies, individual retirement accounts and other taxdeferred accounts, tax-exempt organisations, dealers in securities or currencies, investors that hold Glencore shares as part of straddles, hedging transactions or conversion transactions for U.S. federal income tax purposes, persons that have ceased to be U.S. citizens or lawful permanent residents of the U.S., investors holding Glencore shares in connection with a trade or business conducted outside of the U.S., U.S. citizens or lawful permanent residents living abroad or investors whose functional currency is not the U.S. dollar). As used herein, the term U.S. Holder means a beneficial owner of Glencore shares that is, for U.S. federal income tax purposes, (i) an individual citizen or resident of the U.S., (ii) a corporation created or organised under the laws of the U.S. or any State thereof, (iii) an estate the income of which is subject to U.S. federal income tax without regard to its source or (iv) a trust if a court within the U.S. is able to exercise primary supervision over the administration of the trust and one or more U.S. persons have the authority to control all substantial decisions of the trust, or the trust has validly elected to be treated as a domestic trust for U.S. federal income tax purposes. 14

15 The U.S. federal income tax treatment of a partner in an entity treated as a partnership for U.S. federal income tax purposes that receives the Lonmin Shares pursuant to the Lonmin distribution or receives sales proceeds from the sale of the Lonmin Shares will depend on the status of the partner and the activities of the partnership. Prospective purchasers that are entities treated as partnerships for U.S. federal income tax purposes should consult their tax advisers concerning the U.S. federal income tax consequences to them and their partners of receipt of the Lonmin Shares pursuant to the Lonmin distribution or the receipt of the sales proceeds from the sale of the Lonmin Shares by the partnership. Except as otherwise noted, the summary assumes that Glencore shares held by a U.S. Holder are not treated as shares in a passive foreign investment company (a PFIC) for U.S. federal income tax purposes. This summary is based on the tax laws of the U.S., including the Internal Revenue Code of 1986, as amended, its legislative history, existing and proposed regulations thereunder, published rulings and court decisions, as well as on the income tax treaty between the U.S. and Switzerland (the Treaty), all as of the date hereof and all subject to change at any time, possibly with retroactive effect. THE SUMMARY OF U.S. FEDERAL INCOME TAX CONSEQUENCES SET OUT BELOW IS FOR GENERAL INFORMATION ONLY. IT IS NOT INTENDED TO BE RELIED UPON BY HOLDERS FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED UNDER THE U.S. INTERNAL REVENUE CODE. ALL HOLDERS SHOULD CONSULT THEIR TAX ADVISERS AS TO THE PARTICULAR TAX CONSEQUENCES TO THEM OF THE RECEIPT OF THE LONMIN SHARES PURSUANT TO THE LONMIN DISTRIBUTION OR THE RECEIPT OF THE SALES PROCEEDS FROM THE SALE OF THE LONMIN SHARES, INCLUDING, THE APPLICABILITY AND EFFECT OF STATE, LOCAL, NON-U.S. AND OTHER TAX LAWS AND POSSIBLE CHANGES IN TAX LAW. The Lonmin Distribution in General The receipt of the Lonmin Shares pursuant to the Lonmin distribution or the receipt of the sales proceeds from the sale of the Lonmin Shares should be treated as distributions of property paid by Glencore for U.S. federal income tax purposes. Distributions paid by a corporation out of current or accumulated earnings and profits (as determined for U.S. federal income tax purposes), generally will be taxable to a U.S. Holder as dividend income. Distributions in excess of current and accumulated earnings and profits will be treated as a non-taxable return of capital to the extent of the U.S. Holder s basis in the shares and thereafter as capital gain. However, Glencore does not maintain calculations of its earnings and profits in accordance with U.S. federal income tax accounting principles. U.S. Holders should therefore assume that the receipt of the Lonmin Shares pursuant to the Lonmin distribution or the receipt of the sales proceeds from the sale of the Lonmin Shares will be reported as ordinary dividend income. Dividends paid by Glencore are not eligible for the dividends received deduction allowed to corporations and are taxable to a non-corporate U.S. Holder at the reduced rate normally applicable to long-term capital gains, provided Glencore qualifies for the benefits of the Treaty, which Glencore believes to be the case, and certain other requirements are met. U.S. Holders should consult their own tax advisers with respect to the appropriate U.S. federal income tax treatment of any distribution received from the Company. 15

16 For U.S. Holders receiving the Lonmin Shares, the amount of the distribution will be equal to the U.S. dollar value of the Lonmin Shares on the date the Lonmin Shares are received by the U.S. Holder. While not free from doubt, Glencore intends to treat U.S. Holders receiving net cash proceeds from the sale of the Lonmin Shares as receiving a cash distribution equal to such net cash proceeds. The cash distribution will be included in income in a U.S. dollar amount calculated by reference to the spot rate in effect on the date the cash distribution is received by the U.S. Holder, regardless of whether the distribution is converted into U.S. dollars at that time. If the cash distribution received by a U.S. Holder is converted into U.S. dollars on the day it is received, such U.S. Holder generally will not be required to recognise exchange gain or loss in respect of the distribution. Passive Foreign Investment Company Considerations A foreign corporation will be a PFIC in any taxable year in which, after taking into account the income and assets of the corporation and certain subsidiaries pursuant to applicable look-through rules, either (i) at least 75 per cent. of its gross income is passive income or (ii) at least 50 per cent. of the average value of its assets is attributable to assets which produce passive income or are held for the production of passive income. Glencore does not believe that it should be treated as a PFIC for U.S. federal income tax purposes but its possible status as a PFIC must be determined annually and therefore may have been different in the past. If Glencore is or has been treated as a PFIC for any taxable year during which a U.S. Holder held its shares, such U.S. Holder may be required to pay a special U.S. addition to tax on the receipt of the Lonmin Shares pursuant to the Lonmin distribution or the receipt of the proceeds from the sale of the Lonmin Shares, as applicable. In addition, if Glencore is or has been treated as a PFIC for any taxable year during which a U.S. Holder held its shares or in the taxable year of the distribution or its preceding taxable year, the reduced rate described above under The Lonmin Distribution in General generally would not apply to the receipt of the Lonmin Shares pursuant to the Lonmin distribution or the receipt of the proceeds from the sale of the Lonmin Shares. U.S. Holders should consult their tax advisers regarding the potential application of the PFIC regime. Backup Withholding and Information Reporting Dividends and other proceeds with respect to shares, such as the Lonmin Shares distributed in the Lonmin distribution or the proceeds from the sale of the Lonmin Shares as the case may be, paid by a U.S. paying agent or other U.S. intermediary will be reported to the IRS and to the U.S. Holder as may be required under applicable regulations. Backup withholding may apply to these payments if the U.S. Holder fails to provide an accurate taxpayer identification number or certification of exempt status or fails to comply with applicable certification requirements. Certain U.S. Holders are not subject to backup withholding. U.S. Holders should consult their tax advisers as to their qualification for exemption from backup withholding and the procedure for obtaining an exemption. South African Taxation The tax consequences of the distribution in specie are governed by the South African Income Tax Act No. 58 of 1962 (as amended) (the Act). 16

17 A dividend from a company which is not a resident of South Africa (a non-resident company) is defined in the Act as a foreign dividend, while a reduction of capital is referred to as a foreign return of capital. Whether the amount received is a foreign dividend or a foreign return of capital will be determined by reference to the laws relating to tax on income on companies of the country in which the nonresident company making the distribution has its place of effective management; or, where such country does not have any applicable laws relating to tax on income, the country in which the company is incorporated, formed or established. Glencore has its place of effective management in Switzerland. The Lonmin distribution is expected to represent a foreign return of capital, and where the share is held on revenue account, i.e. not as a fixed capital asset, the receipt will be subject to ordinary income tax. Where the share is held as a capital asset, the foreign return of capital will be applied to reduce the base cost of the share in the shareholder s hands. The treatment described above will also apply where a Glencore shareholder receives the cash proceeds of sale of Lonmin Shares pursuant to the Managed Sale. To the extent that the foreign return of capital exceeds the base cost of the share, the excess will be treated as a capital gain, which gain will be subject to tax (CGT) (and if prior returns of capital have already reduced the base cost to zero, then the entire amount received will be subject to CGT). Except in certain specific circumstances, a person who is not a resident of South Africa is not subject to CGT on the disposal of a share. Whether the Glencore share is held on revenue account or capital account, the cost for tax purposes or base cost for CGT purposes, as the case may be, of the Lonmin Share received by any shareholder of Glencore, will be an amount equal to the market value of the Lonmin Share at the date of the distribution. Securities Transfer Tax will be payable on the delivery of Lonmin Shares to a shareholder within STRATE at the rate of 0.25% on the closing price as defined in the Securities Transfer Tax Act No 25 of 2007 of such shares (which should broadly equate to their market value on the date of delivery into STRATE). Any such Securities Transfer Tax arising in respect of the delivery of Lonmin Shares to a shareholder within STRATE will in practice be payable by the relevant shareholder. 17

[LOGO] ROGERS COMMUNICATIONS INC. DIVIDEND REINVESTMENT PLAN. November 1, 2010

[LOGO] ROGERS COMMUNICATIONS INC. DIVIDEND REINVESTMENT PLAN. November 1, 2010 [LOGO] ROGERS COMMUNICATIONS INC. DIVIDEND REINVESTMENT PLAN November 1, 2010 Rogers Communications Inc. Dividend Reinvestment Plan Table of Contents SUMMARY... 3 DEFINITIONS... 4 ELIGIBILITY... 6 ENROLLMENT...

More information

DESCRIPTION OF THE PLAN

DESCRIPTION OF THE PLAN DESCRIPTION OF THE PLAN PURPOSE 1. What is the purpose of the Plan? The purpose of the Plan is to provide eligible record owners of common stock of the Company with a simple and convenient means of investing

More information

BANK OF MONTREAL SHAREHOLDER DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN

BANK OF MONTREAL SHAREHOLDER DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN BANK OF MONTREAL SHAREHOLDER DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN This Offering Circular covers common shares of Bank of Montreal (the Bank ) which may be purchased on the open market through

More information

CYPRUS TAX CONSIDERATIONS

CYPRUS TAX CONSIDERATIONS TAXATION The following summary of material Cyprus, US federal income and United Kingdom tax consequences of ownership of the GDRs is based upon laws, regulations, decrees, rulings, income tax conventions

More information

TAXATION SINGAPORE TAXATION

TAXATION SINGAPORE TAXATION TAXATION SINGAPORE TAXATION The comments below are of a general nature and, a summary of certain Singapore tax consequences of the acquisition, ownership and disposal of our Shares. It is not intended

More information

TAXATION INFORMATION. Purchases of Ordinary Shares by the Mondi Incentive Schemes Trust Trustees

TAXATION INFORMATION. Purchases of Ordinary Shares by the Mondi Incentive Schemes Trust Trustees TAXATION INFORMATION South African taxation The following is a general summary of the South African tax implications for Ordinary Shares held by South African tax residents included in the Odd-lot Offer,

More information

UNITED STATES FEDERAL INCOME TAXATION

UNITED STATES FEDERAL INCOME TAXATION UNITED STATES FEDERAL INCOME TAXATION United States Internal Revenue Service Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that (i) any U.S. tax advice

More information

The Bank of Nova Scotia Shareholder Dividend and Share Purchase Plan

The Bank of Nova Scotia Shareholder Dividend and Share Purchase Plan The Bank of Nova Scotia Shareholder Dividend and Share Purchase Plan Offering Circular Effective November 6, 2013 The description contained in this Offering Circular of the Canadian and U.S. income tax

More information

TAXATION GUIDANCE INTRODUCTION

TAXATION GUIDANCE INTRODUCTION TAXATION GUIDANCE INTRODUCTION Shareholders Odd-lot Holdings will be purchased under the Odd-lot Offer unless they elect to retain their Odd-lot Holdings. In making their decision whether or not to elect

More information

DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN OFFERING CIRCULAR

DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN OFFERING CIRCULAR DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN OFFERING CIRCULAR December 18, 2013 Shareholders should read carefully the entire Offering Circular before making any decision regarding the Dividend Reinvestment

More information

Iberdrola, S.A. Scrip Dividend Scheme Information Booklet July 2015. June 2015

Iberdrola, S.A. Scrip Dividend Scheme Information Booklet July 2015. June 2015 Iberdrola, S.A. Scrip Dividend Scheme Information Booklet July 2015 June 2015 Dear shareholder, The 2015 Annual General Shareholders Meeting of Iberdrola, S.A. ( Iberdrola ) approved the continued offer

More information

Taxation. General. 1. Taxation UK. Mondi plc Ordinary Shareholders

Taxation. General. 1. Taxation UK. Mondi plc Ordinary Shareholders Taxation The statements set out below are intended only as a general guide to United Kingdom ( UK ) and South Africa ( SA ) current law and practice and apply only to certain categories of person who are

More information

Scrip Dividend Scheme Terms and Conditions

Scrip Dividend Scheme Terms and Conditions Scrip Dividend Scheme Terms and Conditions If you are in any doubt about the action you should take with this document, you should immediately consult an appropriate independent advisor duly authorised

More information

NORTHERN BLIZZARD RESOURCES INC. STOCK DIVIDEND PROGRAM

NORTHERN BLIZZARD RESOURCES INC. STOCK DIVIDEND PROGRAM NORTHERN BLIZZARD RESOURCES INC. STOCK DIVIDEND PROGRAM Introduction This Stock Dividend Program (the "Program") provides eligible holders ("Shareholders") of common shares ("Common Shares") of Northern

More information

DIRECT LINE INSURANCE GROUP PLC FREQUENTLY ASKED QUESTIONS. The following sets out some frequently asked questions and provides brief responses.

DIRECT LINE INSURANCE GROUP PLC FREQUENTLY ASKED QUESTIONS. The following sets out some frequently asked questions and provides brief responses. DIRECT LINE INSURANCE GROUP PLC FREQUENTLY ASKED QUESTIONS The following sets out some frequently asked questions and provides brief responses. Please read both the questions and answers below and the

More information

Information Regarding U.S. Federal Income Tax Calculations in connection with the Acquisition of DIRECTV by AT&T

Information Regarding U.S. Federal Income Tax Calculations in connection with the Acquisition of DIRECTV by AT&T Information Regarding U.S. Federal Income Tax Calculations in connection with the Acquisition of DIRECTV by AT&T The following information is provided to illustrate how to determine taxable gain on DIRECTV

More information

The ConocoPhillips Share Incentive Plan EXPLANATORY BOOKLET

The ConocoPhillips Share Incentive Plan EXPLANATORY BOOKLET The ConocoPhillips Share Incentive Plan EXPLANATORY BOOKLET September 2014 Contents Page 1. Introduction 1 2. Summary of how the Plan works 2 3. Eligibility and joining the Plan 4 4. Shares of Common Stock

More information

Shareholder Dividend Reinvestment and Stock Purchase Plan

Shareholder Dividend Reinvestment and Stock Purchase Plan Shareholder Dividend Reinvestment and Stock Purchase Plan 2012 Offering circular 1 WHAT S INSIDE Introduction 3 Summary 4 Contact Information 4 Questions and Answers 5 Shareholder Dividend Reinvestment

More information

Spin-Off of Time Warner Cable Inc. Tax Information Statement As of March 19, 2009

Spin-Off of Time Warner Cable Inc. Tax Information Statement As of March 19, 2009 Spin-Off of Time Warner Cable Inc. Tax Information Statement As of March 19, 2009 On March 12, 2009, Time Warner Inc. ( Time Warner ) completed the spin-off (the Spin-Off ) of Time Warner s ownership interest

More information

ALTRIA GROUP, INC. CHAIRMAN OF THE BOARD NEW YORK, NEW YORK 10017. March 20, 2007. Dear Altria Shareholder:

ALTRIA GROUP, INC. CHAIRMAN OF THE BOARD NEW YORK, NEW YORK 10017. March 20, 2007. Dear Altria Shareholder: ALTRIA GROUP, INC. LOUIS C. CAMILLERI 120 PARK AVENUE CHAIRMAN OF THE BOARD NEW YORK, NEW YORK 10017 Dear Altria Shareholder: March 20, 2007 As you know, on January 31, 2007, the Board of Directors of

More information

FIRSTSERVICE CORPORATION NOTICE OF REDEMPTION & CONVERSION TO ALL REGISTERED HOLDERS OF OUTSTANDING 7% CUMULATIVE PREFERENCE SHARES, SERIES 1

FIRSTSERVICE CORPORATION NOTICE OF REDEMPTION & CONVERSION TO ALL REGISTERED HOLDERS OF OUTSTANDING 7% CUMULATIVE PREFERENCE SHARES, SERIES 1 FIRSTSERVICE CORPORATION NOTICE OF REDEMPTION & CONVERSION TO ALL REGISTERED HOLDERS OF OUTSTANDING 7% CUMULATIVE PREFERENCE SHARES, SERIES 1 To: All Registered Holders of Outstanding 7% Cumulative Preference

More information

HICL INFRASTRUCTURE COMPANY LIMITED

HICL INFRASTRUCTURE COMPANY LIMITED THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the contents of this document or the action that you should take, you should seek your own personal financial

More information

APPENDIX FOR U.S. SECURITIES TRADING

APPENDIX FOR U.S. SECURITIES TRADING APPENDIX FOR U.S. SECURITIES TRADING This Appendix applies in respect of securities trading services in U.S. Securities provided by ICBCIS to the Client. In the event that there is any inconsistency between

More information

Dividends The Company will not be required to withhold tax at source from dividend payments it makes.

Dividends The Company will not be required to withhold tax at source from dividend payments it makes. UNITED KINGDOM The following statements are intended to apply only as a general guide to current United Kingdom tax law and to the current published practice of HM Revenue and Customs (HMRC). They relate

More information

ASIAN CITRUS HOLDINGS LIMITED (Incorporated and registered in Bermuda, registered number 33747)

ASIAN CITRUS HOLDINGS LIMITED (Incorporated and registered in Bermuda, registered number 33747) THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the contents of this document or the action you should take, you should immediately seek your own personal

More information

COOPER INDUSTRIES PLC Acquisition by Eaton Corporation Questions & Answers

COOPER INDUSTRIES PLC Acquisition by Eaton Corporation Questions & Answers COOPER INDUSTRIES PLC Acquisition by Eaton Corporation Questions & Answers On November 30, 2012 (the Closing Date ), Cooper Industries plc ( Cooper ) was acquired by Eaton Corporation ( Eaton ) through

More information

LAND SECURITIES GROUP PLC (incorporated and registered in England and Wales under the Companies Act 1985 with registered number 4369054)

LAND SECURITIES GROUP PLC (incorporated and registered in England and Wales under the Companies Act 1985 with registered number 4369054) THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take, you are recommended to seek immediately your own personal financial advice from

More information

Share Purchase Plan Offer

Share Purchase Plan Offer Share Purchase Plan Offer This document is dated 4 April 2016 This is an important document. Please read it carefully before making an investment decision in relation to the SPP Offer. This document does

More information

Rolls-Royce Holdings plc. Shareholder guide June 2014

Rolls-Royce Holdings plc. Shareholder guide June 2014 Rolls-Royce Holdings plc Shareholder guide June 2014 Contents Payments to Shareholders Payments to shareholders............................................3 Receive cash.....................................................4

More information

BLACKSTONE ALTERNATIVE INVESTMENT FUNDS PLC. (the Company ) An umbrella fund with segregated liability between sub-funds, and its sub-fund

BLACKSTONE ALTERNATIVE INVESTMENT FUNDS PLC. (the Company ) An umbrella fund with segregated liability between sub-funds, and its sub-fund BLACKSTONE ALTERNATIVE INVESTMENT FUNDS PLC (the Company ) An umbrella fund with segregated liability between sub-funds, and its sub-fund (the Fund ) SUPPLEMENT FOR UNITED KINGDOM INVESTORS This Supplement

More information

Certain capitalized terms in this Premium Dividend and Dividend Reinvestment Plan have the meaning assigned to them under "Definitions" below.

Certain capitalized terms in this Premium Dividend and Dividend Reinvestment Plan have the meaning assigned to them under Definitions below. Premium Dividend and Dividend Reinvestment Plan Certain capitalized terms in this Premium Dividend and Dividend Reinvestment Plan have the meaning assigned to them under "Definitions" below. Important

More information

Computershare Investment Plan

Computershare Investment Plan Computershare Investment Plan A Direct Stock Purchase and Dividend Reinvestment Plan for The Coca-Cola Company Common Stock For investors in This plan is sponsored and administered by Computershare Trust

More information

to taxation Australian 2005, and The discussions below

to taxation Australian 2005, and The discussions below General Tax Information Relating to Holdings in Cadbury plc and Cadbury Schweppes plc This discussion of Australian, UK and US tax law considerations is intended only as a descriptive summary and does

More information

PROSPECTUS. TELEPHONE AND DATA SYSTEMS, INC. COMMON SHARE AUTOMATIC DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN Common Shares $0.

PROSPECTUS. TELEPHONE AND DATA SYSTEMS, INC. COMMON SHARE AUTOMATIC DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN Common Shares $0. PROSPECTUS TELEPHONE AND DATA SYSTEMS, INC. COMMON SHARE AUTOMATIC DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN Common Shares $0.01 Par Value The Common Share Automatic Dividend Reinvestment and Stock

More information

DIVIDEND REINVESTMENT PLAN RIO TINTO PLC

DIVIDEND REINVESTMENT PLAN RIO TINTO PLC DIVIDEND REINVESTMENT PLAN RIO TINTO PLC TERMS & CONDITIONS Computershare Investor Services PLC has arranged to provide a Dividend Reinvestment Plan to Rio Tinto plc and a number of other clients that

More information

THE WEIR GROUP PLC SCRIP DIVIDEND SCHEME. The Weir Group PLC

THE WEIR GROUP PLC SCRIP DIVIDEND SCHEME. The Weir Group PLC The Weir Group PLC THE WEIR GROUP PLC SCRIP DIVIDEND SCHEME THIS LETTER AND THE ATTACHED TERMS AND CONDITIONS ARE IMPORTANT AND REQUIRE YOUR IMMEDIATE ATTENTION If you are in any doubt as to the action

More information

investing in the Company (including, without limitation, investment in securities and other interests in the Company);

investing in the Company (including, without limitation, investment in securities and other interests in the Company); The Trust Deed is a complex document and the following is a summary only. Recipients of this prospectus and all prospective investors should refer to the Trust Deed itself to confirm specific information

More information

Computershare Investment Plan

Computershare Investment Plan Computershare Investment Plan A Direct Stock Purchase and Dividend Reinvestment Plan for Frontier Communications Corporation Common Stock For investors in This plan is sponsored and administered by Computershare

More information

NOTICE OF AMENDMENT TO THE DIRECT STOCK PURCHASE AND DIVIDEND REINVESTMENT PLAN SPONSORED BY COMPUTERSHARE TRUST COMPANY, N.A.

NOTICE OF AMENDMENT TO THE DIRECT STOCK PURCHASE AND DIVIDEND REINVESTMENT PLAN SPONSORED BY COMPUTERSHARE TRUST COMPANY, N.A. NOTICE OF AMENDMENT TO THE DIRECT STOCK PURCHASE AND DIVIDEND REINVESTMENT PLAN SPONSORED BY COMPUTERSHARE TRUST COMPANY, N.A. (the Plan ) Computershare Trust Company, N.A. is pleased to inform you that

More information

At the Special Meeting, shareholders of the Company will consider and vote upon the following proposal:

At the Special Meeting, shareholders of the Company will consider and vote upon the following proposal: January 15, 2016 TO THE SHAREHOLDERS OF DRYSHIPS INC.: Enclosed is a notice of the Special Meeting of Shareholders (the Special Meeting ) of DryShips Inc., a Marshall Islands corporation (the Company ),

More information

(Incorporated and registered in England no: 1818486)

(Incorporated and registered in England no: 1818486) This document and the accompanying Form of Proxy and Form of Election are important and require your immediate attention. If you are in any doubt as to the action you should take, you are recommended to

More information

ROYAL DUTCH SHELL PLC SCRIP DIVIDEND PROGRAMME TERMS AND CONDITIONS

ROYAL DUTCH SHELL PLC SCRIP DIVIDEND PROGRAMME TERMS AND CONDITIONS ROYAL DUTCH SHELL PLC SCRIP DIVIDEND PROGRAMME TERMS AND CONDITIONS This document is important and requires your immediate attention. If you are in any doubt about what action to take, you should seek

More information

Computershare Investment Plan

Computershare Investment Plan Computershare Investment Plan A Direct Stock Purchase and Dividend Reinvestment Plan for Ford Motor Company Common Stock For investors in This plan is sponsored and administered by Computershare Trust

More information

USA Taxation. 3.1 Taxation of funds. Taxation of regulated investment companies: income tax

USA Taxation. 3.1 Taxation of funds. Taxation of regulated investment companies: income tax USA Taxation FUNDS AND FUND MANAGEMENT 2010 3.1 Taxation of funds Taxation of regulated investment companies: income tax Investment companies in the United States (US) are structured either as openend

More information

Off-market Buy-Back booklet

Off-market Buy-Back booklet This Buy-Back is not available to persons in, and this document is not to be distributed into, the United States of America or Canada BHP BILLITON LIMITED ABN 49 004 028 077 Off-market Buy-Back booklet

More information

3I INFRASTRUCTURE LIMITED (THE COMPANY ) PLACING AND OPEN OFFER OF 108,132,277 NEW ORDINARY SHARES AT 106 PENCE PER NEW ORDINARY SHARE

3I INFRASTRUCTURE LIMITED (THE COMPANY ) PLACING AND OPEN OFFER OF 108,132,277 NEW ORDINARY SHARES AT 106 PENCE PER NEW ORDINARY SHARE NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR AUSTRALIA 3I INFRASTRUCTURE LIMITED

More information

ST IVES PLC ST IVES LONG TERM INCENTIVE PLAN 2010. Approved by shareholders of the Company on. Adopted by the board of the Company on

ST IVES PLC ST IVES LONG TERM INCENTIVE PLAN 2010. Approved by shareholders of the Company on. Adopted by the board of the Company on DISPLAY VERSION ST IVES PLC ST IVES LONG TERM INCENTIVE PLAN 2010 Approved by shareholders of the Company on Adopted by the board of the Company on The Plan is a discretionary benefit offered by St Ives

More information

MATRIX ASSET MANAGEMENT INC. DIVIDEND REINVESTMENT PLAN

MATRIX ASSET MANAGEMENT INC. DIVIDEND REINVESTMENT PLAN MATRIX ASSET MANAGEMENT INC. DIVIDEND REINVESTMENT PLAN Purpose of the Plan This Dividend Reinvestment Plan (the "Plan") allows eligible shareholders ("Shareholders") of Matrix Asset Management Inc. (the

More information

Computershare Investment Plan

Computershare Investment Plan Computershare Investment Plan A Dividend Reinvestment Plan for Registered Shareholders of Abbott Laboratories Common Stock This plan is sponsored and administered by Computershare Trust Company, N.A. Not

More information

Computershare Investment Plan A Direct Stock Purchase and Dividend Reinvestment Plan for Altria Group, Inc. Common Stock

Computershare Investment Plan A Direct Stock Purchase and Dividend Reinvestment Plan for Altria Group, Inc. Common Stock Computershare Investment Plan A Direct Stock Purchase and Dividend Reinvestment Plan for Altria Group, Inc. Common Stock This plan is sponsored and administered by Computershare Trust Company, N.A. Not

More information

Scrip Dividend Scheme

Scrip Dividend Scheme Scrip Dividend Scheme Scrip Dividend Scheme The following explains how the Scheme operates and sets out further details and terms of the Scheme. 1. What is the Scheme? The Scheme enables you to receive

More information

Verizon Communications

Verizon Communications A Direct Stock Purchase and Share Ownership Plan for Common Stock, $.10 par value per share, of Verizon Communications Inc. Verizon Communications Direct Invest Purchase Verizon shares conveniently. Build

More information

Share Purchase Plan (SPP)

Share Purchase Plan (SPP) Macquarie Group Limited (ASX: MQG) MARCH 2015 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES MACQUARIE GROUP LIMITED ACN122169 279 This is an important document offering eligible shareholders the

More information

BGLOBAL PLC. (Incorporated and registered in England and Wales under the Companies Act 1985 with company number 5950551)

BGLOBAL PLC. (Incorporated and registered in England and Wales under the Companies Act 1985 with company number 5950551) THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in doubt as to what action you should take, you are recommended to seek your own financial advice immediately from your stockbroker,

More information

Individual Savings Account Supplementary Terms

Individual Savings Account Supplementary Terms Individual Savings Account Supplementary Terms Individual Savings Account Supplementary Terms and Conditions for Stocktrade Retail Clients forming part of the Agreement between Stocktrade (a division of

More information

DISTRIBUTION REINVESTMENT PLAN TRUE NORTH COMMERCIAL REAL ESTATE INVESTMENT TRUST

DISTRIBUTION REINVESTMENT PLAN TRUE NORTH COMMERCIAL REAL ESTATE INVESTMENT TRUST Purpose DISTRIBUTION REINVESTMENT PLAN of TRUE NORTH COMMERCIAL REAL ESTATE INVESTMENT TRUST The Distribution Reinvestment Plan (the Plan ) provides eligible holders of trust units ( Trust Units ) of True

More information

FAQs:Conversion from ADSs to Shares 15 May 2012

FAQs:Conversion from ADSs to Shares 15 May 2012 FAQs:Conversion from ADSs to Shares 15 May 2012 General Why is the conversion from ADSs to Ordinary Shares important? Ensco has agreed to terminate its American Depositary Share (ADS) facility and convert

More information

THE YORK WATER COMPANY DIVIDEND REINVESTMENT AND DIRECT STOCK PURCHASE AND SALE PLAN. 500,000 Shares of Common Stock (No Par Value)

THE YORK WATER COMPANY DIVIDEND REINVESTMENT AND DIRECT STOCK PURCHASE AND SALE PLAN. 500,000 Shares of Common Stock (No Par Value) Filed Pursuant to Rule 424(b)(3) Registration Statement No. 333-191496 PROSPECTUS THE YORK WATER COMPANY DIVIDEND REINVESTMENT AND DIRECT STOCK PURCHASE AND SALE PLAN 500,000 Shares of Common Stock (No

More information

Dividend Re-Investment Plan DRIP NORTHLAND POWER INC. Amended and Restated Shareholder Dividend Re-Investment Plan

Dividend Re-Investment Plan DRIP NORTHLAND POWER INC. Amended and Restated Shareholder Dividend Re-Investment Plan Dividend Re-Investment Plan DRIP NORTHLAND POWER INC. Amended and Restated Shareholder Dividend Re-Investment Plan DIVIDEND REINVESTMENT PLAN Table of Contents Introduction... 2 Overview... 3 Definitions...

More information

The Investor Services Program

The Investor Services Program The Investor Services Program A Direct Stock Purchase and Dividend Reinvestment Plan for International Business Machines Corporation Common Stock For investors in This plan is sponsored and administered

More information

Dividend reinvestment and share purchase plan

Dividend reinvestment and share purchase plan Dividend reinvestment and share purchase plan Amended and restated September 2005 table of contents introduction/summary......................................2 contact information........................................5

More information

OFFER FOR PURCHASE OF PREFERENCE SHARES ISSUED BY INVESTEC PLC AMENDMENT TO EXPECTED SETTLEMENT DATE

OFFER FOR PURCHASE OF PREFERENCE SHARES ISSUED BY INVESTEC PLC AMENDMENT TO EXPECTED SETTLEMENT DATE Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE share code: INL NSX share code: IVD BSE share code: INVESTEC ISIN: ZAE000081949 Investec plc Incorporated

More information

Dividend Reinvestment. and Voluntary Stock Purchase Plan for Shareholders

Dividend Reinvestment. and Voluntary Stock Purchase Plan for Shareholders Dividend Reinvestment a and Voluntary Stock Purchase Plan for Shareholders PROSPECTUS BALL CORPORATION Dividend Reinvestment and Voluntary Stock Purchase Plan for Shareholders 2,000,000 Shares of Common

More information

263120\1242880.v11 DIVIDEND REINVESTMENT AND OPTIONAL SHARE PURCHASE PLAN

263120\1242880.v11 DIVIDEND REINVESTMENT AND OPTIONAL SHARE PURCHASE PLAN DIVIDEND REINVESTMENT AND OPTIONAL SHARE PURCHASE PLAN DIVIDEND REINVESTMENT AND OPTIONAL SHARE PURCHASE PLAN PURPOSE The Dividend Reinvestment and Optional Share Purchase Plan (the "Plan") provides eligible

More information

Share Purchase Plan. Arvida Group Ltd. 6 July 2015

Share Purchase Plan. Arvida Group Ltd. 6 July 2015 Arvida Group Ltd 6 July 2015 Share Purchase Plan This is an important document. You should read the whole document before deciding whether to subscribe for shares. If you have any doubts as to what you

More information

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED This document is issued by Standard Life Investments Property Income Trust Limited (the "Company") and is made available by Standard Life Investments (Corporate Funds) Limited (the AIFM ) solely in order

More information

MAXIM INTEGRATED PRODUCTS, INC. 2008 EMPLOYEE STOCK PURCHASE PLAN

MAXIM INTEGRATED PRODUCTS, INC. 2008 EMPLOYEE STOCK PURCHASE PLAN MAXIM INTEGRATED PRODUCTS, INC. 2008 EMPLOYEE STOCK PURCHASE PLAN (As amended) 1 The Company wishes to attract employees to the Company, its Subsidiaries and Affiliates and to induce employees to remain

More information

WESTPAC BANKING CORPORATION SHARE PURCHASE PLAN

WESTPAC BANKING CORPORATION SHARE PURCHASE PLAN WESTPAC BANKING CORPORATION SHARE PURCHASE PLAN 5 January 2009 Dear Shareholder On behalf of the Board, I am pleased to offer you the opportunity to participate in the Share Purchase Plan (SPP) to increase

More information

LETTER FROM THE CHAIRMAN OF COATS GROUP PLC. (Incorporated and registered in England & Wales with registered number )

LETTER FROM THE CHAIRMAN OF COATS GROUP PLC. (Incorporated and registered in England & Wales with registered number ) LETTER FROM THE CHAIRMAN OF COATS GROUP PLC (Incorporated and registered in England & Wales with registered number 00103548) 1 The Square Stockley Park Uxbridge Middlesex UB11 1TD United Kingdom 17 November

More information

QUICK GUIDE TO ISAs 2014/2015

QUICK GUIDE TO ISAs 2014/2015 INDIVIDUAL SAVINGS ACCOUNTS 2014/2015 An Individual Savings Account (ISA) is not an investment in its own right rather it is a type of account that can be used to undertake tax-advantageous investment.

More information

Introduction. Notice to Non-Registered Beneficial Holders

Introduction. Notice to Non-Registered Beneficial Holders Introduction This document provides information about Franco-Nevada Corporation s ( Franco-Nevada ) Dividend Reinvestment Plan (the Plan ), and has three parts: (i) Frequently Asked Questions; (ii) a summary

More information

The Scottish Investment Trust PLC

The Scottish Investment Trust PLC The Scottish Investment Trust PLC INVESTOR DISCLOSURE DOCUMENT This document is issued by SIT Savings Limited (the Manager ) as alternative investment fund manager for The Scottish Investment Trust PLC

More information

Information regarding share split and redemption of shares in AB Volvo 2007

Information regarding share split and redemption of shares in AB Volvo 2007 Information regarding share split and redemption of shares in AB Volvo 2007 The share split and redemption procedure in summary Table of contents 2 The share split and redemption procedure in summary 3

More information

MANITOBA TELECOM SERVICES INC. DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN

MANITOBA TELECOM SERVICES INC. DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN MANITOBA TELECOM SERVICES INC. DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN MAY 12, 2010 SUMMARY Manitoba Telecom Services Inc. Dividend Reinvestment and Share Purchase Plan This is a summary of the features

More information

Sun Life Financial Inc.

Sun Life Financial Inc. Sun Life Financial Inc. Canadian Dividend Reinvestment and Share Purchase Plan AMENDED AND RESTATED OFFERING CIRCULAR Table of Contents Parts of this Offering Circular... 1 Notice to Non-Registered Beneficial

More information

4 November 2015. Dear Shareholder 2015 THIRD INTERIM DIVIDEND

4 November 2015. Dear Shareholder 2015 THIRD INTERIM DIVIDEND THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about this document or as to the action you should take, you should consult a stockbroker, solicitor, accountant

More information

Simplified Instructions for Completing a Form W-8BEN-E

Simplified Instructions for Completing a Form W-8BEN-E Simplified Instructions for Completing a Form W-8BEN-E For Non-Financial Institutions Only Updated April 2015 Circular 230 Disclaimer: Any tax advice contained in this communication is not intended or

More information

Computershare Investment Plan

Computershare Investment Plan Computershare Investment Plan A Direct Stock Purchase and Dividend Reinvestment Plan for Harley-Davidson, Inc. Common Stock For investors in This plan is sponsored and administered by Computershare Trust

More information

TAX ASPECTS OF MUTUAL FUND INVESTING

TAX ASPECTS OF MUTUAL FUND INVESTING Tax Guide for 2015 TAX ASPECTS OF MUTUAL FUND INVESTING INTRODUCTION I. Mutual Fund Distributions A. Distributions From All Mutual Funds 1. Net Investment Income and Short-Term Capital Gain Distributions

More information

The Global Voyager Fund Ltd. HIGH YIELD BOND FUND SHARES DIVIDEND REINVESTMENT PLAN TERMS AND CONDITIONS. Dated: 17 September, 2015.

The Global Voyager Fund Ltd. HIGH YIELD BOND FUND SHARES DIVIDEND REINVESTMENT PLAN TERMS AND CONDITIONS. Dated: 17 September, 2015. The Global Voyager Fund Ltd. HIGH YIELD BOND FUND SHARES DIVIDEND REINVESTMENT PLAN TERMS AND CONDITIONS Dated: 17 September, 2015 Dated 17 September, 2015 The Global Voyager Fund Ltd. TABLE OF CONTENTS

More information

The Listing Rules REITS REAL ESTATE INVESTMENT TRUSTS. Chris Luck, Nabarro LLP. Property Investment from a wider perspective.

The Listing Rules REITS REAL ESTATE INVESTMENT TRUSTS. Chris Luck, Nabarro LLP. Property Investment from a wider perspective. REITS REAL ESTATE INVESTMENT TRUSTS The Listing Rules Chris Luck, Nabarro LLP As at 1 April 2008, 18 companies have either converted to or have listed as UK-REITS. This article considers how to convert

More information

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the action you should take, you should immediately consult your stockbroker, bank manager, solicitor, accountant

More information

GOING FOR. Dairy Crest Group plc Notice of Twentieth Annual General Meeting

GOING FOR. Dairy Crest Group plc Notice of Twentieth Annual General Meeting GOING FOR Dairy Crest Group plc Notice of Twentieth Annual General Meeting THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to what action you should take, you

More information

ASSISTED SALES PROGRAMME GUIDE. (Ireland) 128XJB D04

ASSISTED SALES PROGRAMME GUIDE. (Ireland) 128XJB D04 ASSISTED SALES PROGRAMME GUIDE (Ireland) TABLE OF CONTENTS PAGE 1. General Information...1 2. Assisted Sales Programme...2 3. Transferring Your Shares...4 4. Requesting Share Certificates...5 5. Dividend/Mandate

More information

FREQUENTLY ASKED QUESTIONS. When will Eros Pre-IPO Shares (as defined below) be consolidated?

FREQUENTLY ASKED QUESTIONS. When will Eros Pre-IPO Shares (as defined below) be consolidated? FREQUENTLY ASKED QUESTIONS REGARDING EROS INTERNATIONAL PLC SHAREHOLDER MATTERS The following information addresses questions concerning the trading of Eros International Plc s ( Eros ) A ordinary shares

More information

Computershare Trust Company BYDSsm Buy Direct Stock

Computershare Trust Company BYDSsm Buy Direct Stock Computershare Trust Company BYDSsm Buy Direct Stock All correspondence and inquiries concerning the Program should be directed to: Computershare Trust Company P.O. Box A3309 Chicago, Illinois 60690-3309

More information

MERCHANT SECURITIES LIMITED ISA SUPPLEMENTARY TERMS & CONDITIONS

MERCHANT SECURITIES LIMITED ISA SUPPLEMENTARY TERMS & CONDITIONS MERCHANT SECURITIES LIMITED ISA SUPPLEMENTARY TERMS & CONDITIONS INTRODUCTION 1. These Individual Savings Account Services Supplementary Terms (referred to hereafter as the Supplementary Terms ) apply

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Notice of Meeting Strategic report THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to what action you should take, you are recommended to seek your own financial

More information

PROSPECTUS. Aflac Incorporated Worldwide Headquarters 1932 Wynnton Road Columbus, Georgia 31999 1.800.227.4756-706.596.3589

PROSPECTUS. Aflac Incorporated Worldwide Headquarters 1932 Wynnton Road Columbus, Georgia 31999 1.800.227.4756-706.596.3589 PROSPECTUS Aflac Incorporated Worldwide Headquarters 1932 Wynnton Road Columbus, Georgia 31999 1.800.227.4756-706.596.3589 AFL Stock Plan A Direct Stock Purchase and Dividend Reinvestment Plan We are offering

More information

Computershare Investment Plan

Computershare Investment Plan Computershare Investment Plan A Direct Stock Purchase and Dividend Reinvestment Plan for Wal-Mart Stores, Inc. Common Stock For investors in This plan is sponsored and administered by Computershare Trust

More information

lifeplan Terms and Conditions Retail

lifeplan Terms and Conditions Retail lifeplan Terms and Conditions Retail Risks I/We acknowledge and agree that the lifeplan is an investment and, as such, any monies invested may increase or decrease in value, and further understand and

More information

PROPOSALS FOR GENERAL MANDATES TO BUY BACK SHARES AND TO ISSUE SHARES AND NOTICE OF ANNUAL GENERAL MEETING

PROPOSALS FOR GENERAL MANDATES TO BUY BACK SHARES AND TO ISSUE SHARES AND NOTICE OF ANNUAL GENERAL MEETING THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your licensed securities dealer

More information

ITEM 7 TAXATION United States Tax Consequences of the Ownership of Ordinary Shares and ADSs

ITEM 7 TAXATION United States Tax Consequences of the Ownership of Ordinary Shares and ADSs ITEM 7 TAXATION The taxation discussion set forth below is intended only as a summary of the principal US Federal income tax and UK tax consequences to beneficial owners of ADSs who are either resident

More information

LONDON STOCK EXCHANGE HIGH GROWTH SEGMENT RULEBOOK 27 March 2013

LONDON STOCK EXCHANGE HIGH GROWTH SEGMENT RULEBOOK 27 March 2013 LONDON STOCK EXCHANGE HIGH GROWTH SEGMENT RULEBOOK 27 March 2013 Contents INTRODUCTION... 2 SECTION A ADMISSION... 3 A1: Eligibility for admission... 3 A2: Procedure for admission... 4 SECTION B CONTINUING

More information

Murray Goulburn Co-operative Co. Limited. C Class Preference Shares - Buy-back Offer Document

Murray Goulburn Co-operative Co. Limited. C Class Preference Shares - Buy-back Offer Document Murray Goulburn Co-operative Co. Limited C Class Preference Shares - Buy-back Offer Document C Class Preference Shares Buy-back Offer Document This is an important document and requires your immediate

More information

TABLE OF CONTENTS PAGE GENERAL INFORMATION B-3 CERTAIN FEDERAL INCOME TAX CONSEQUENCES B-3 PUBLISHED RATINGS B-7 ADMINISTRATION B-7

TABLE OF CONTENTS PAGE GENERAL INFORMATION B-3 CERTAIN FEDERAL INCOME TAX CONSEQUENCES B-3 PUBLISHED RATINGS B-7 ADMINISTRATION B-7 STATEMENT OF ADDITIONAL INFORMATION INDIVIDUAL VARIABLE ANNUITY ISSUED BY JEFFERSON NATIONAL LIFE INSURANCE COMPANY AND JEFFERSON NATIONAL LIFE ANNUITY ACCOUNT G ADMINISTRATIVE OFFICE: P.O. BOX 36840,

More information

INTERNATIONAL TIDBIT: Reporting Foreign Investments New Requirements for the 2013 Tax Year

INTERNATIONAL TIDBIT: Reporting Foreign Investments New Requirements for the 2013 Tax Year INTERNATIONAL TIDBIT: Reporting Foreign Investments New Requirements for the 2013 Tax Year The last few years have seen increased emphasis on individuals reporting about their foreign investments and penalizing

More information

CONTRIBUTION AGREEMENT of INCROWD ALABAMA FUND I, LLC

CONTRIBUTION AGREEMENT of INCROWD ALABAMA FUND I, LLC CONTRIBUTION AGREEMENT of INCROWD ALABAMA FUND I, LLC INSTRUCTIONS TO INVESTORS EACH PROSPECTIVE INVESTOR IN INCROWD ALABAMA FUND I, LLC (THE COMPANY ) SHOULD EXAMINE THE SUITABILITY OF THIS TYPE OF INVESTMENT

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about this document or as to the action you should take, you should consult a stockbroker, solicitor, accountant

More information

Internal Revenue Service

Internal Revenue Service Internal Revenue Service Number: 200750009 Release Date: 12/14/2007 Index Numbers: 368.04-00, 355.01-00 ---------------------- -------------------------------------------------- --------------------------------------

More information