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Shire Global

Investor Relations

Dividend FAQs
  1. What are dividends and when do I receive them?

    Dividends are payments made by Shire to you as a shareholder. Dividends are paid twice yearly usually in April and October. A dividend is paid on each share, so the amount you receive depends on the number of shares you own and the dividend declared. To receive the dividend, you must hold shares on the record date. If you purchase shares on or after the ex-dividend date, the declared dividend will be paid to the previous owner as the trade will not have settled by the record date, and the previous owner will still be showing on the register of members on the record date.

  2. What is Shire’s dividend policy?

    Shire’s policy is to pay a dividend semi-annually, declared in US cents per ordinary share/ADS, with the first interim payment in each year being maintained at a consistent level. Any growth will result from increasing the second interim dividend in a financial year. Shire intends to pursue a progressive dividend policy.

  3. What currency will the dividend be announced in?

    Shire will announce dividends in USD and GBP based on exchange rates around the time that the Board resolves to pay the dividend.

  4. What currency will the dividend be paid in?

    Holders of ordinary shares will be paid in GBP and ADR holders will be paid in USD.

  5. Why will dividends be measured in USD?

    The functional currency of Shire is the USD. This is Shire’s primary reporting currency and the currency basis on which Shire is managed. It is therefore logical that Shire’s dividend also be measured in USD.

  6. What is the “Record” date?

    The record date determines which shareholders will be entitled to the declared dividend. Persons registered as shareholders on the record date will be paid the declared dividend even if they have already sold all or some of their Shire shares.

  7. What is the “Ex-Dividend” date?

    Before announcing each dividend, and in consultation with the London Stock Exchange, a date is set upon which Shire’s shares will be sold without entitlement to the dividend. This is known as going ex-dividend. If you purchase a share before the ex-dividend date you are entitled to receive the declared dividend. If you purchase shares on or after the ex-dividend date, the declared dividend will be paid to the previous owner as the trade will not have settled by the record date, and the previous owner will still be showing on the register of members on the record date. The record date is currently one day after the ex-dividend date.

  8. How frequently will dividends be paid?

    The payment of dividends is at the Board’s discretion and dependent on the Company’s performance but the present intention is that dividends will be paid semi-annually.

    First interim: announced end of July or early August and paid in October
    Second interim: announced in February and paid in April.

  9. When was your most recent dividend paid?

    Please visit our dividend section.

  10. Where can I find historical dividend information?

    Please visit our dividend history page.

  11. Does Shire have a dividend reinvestment plan?

    At present Shire does not have a dividend reinvestment plan.

  12. How will the dividend be paid?

    Shareholders are able to choose how they receive their dividends:
    directly into their bank account* or by cheque.

    *Shire’s preferred option: The quickest and most efficient way to receive your dividends is to have them paid directly into your bank account. Those selecting this payment method receive a dividend confirmation with each payment.

  13. How can I get my dividends paid directly into my bank or building society account?

    Ordinary shareholder

    If you are an Ordinary shareholder please complete the request for payment of dividend form and forward it to Equiniti (Jersey) Limited (as stated on the form).

    Dividend payments direct to your bank/building society account

    ADR holders

    Please contact Citi's Shareholder Services or visit the ADR Holders Guide for further information.

  14. What are the tax implications of receiving a dividend?

    How a dividend is taxed will depend on the shareholder’s territory of residence and specific circumstances. This can be a complex area and we advise shareholders to consult their professional advisors.

  15. What are the Income Access Share (IAS) arrangements?

    Shareholders who elect to receive the Company’s dividends via the IAS Arrangements receive such dividends from a subsidiary of the Company that is tax resident in the United Kingdom ("UK").

    Dividends paid under the IAS Arrangements are not, under current legislation, subject to any UK or Irish withholding taxes. Dividends paid outside of the IAS Arrangements are subject to Irish dividend withholding tax at a rate of 20%, or such lower rate as may be applicable under exemptions from withholding tax contained in Irish law.

    Further details concerning the IAS Arrangements can be found in the Company’s latest Annual Report and Articles of Association.

    A letter sent to shareholders on February 16, 2016, outlining developments to the IAS arrangements can be found at:
    https://www.shareview.co.uk/Clients/shire_forms_february_2016/shire_cover_letter.PDF

    A letter sent to shareholders on March 3, 2016, reminding of developments to the IAS arrangements can be found at:
    https://www.shareview.co.uk/Clients/misc/Shareholder_letter_Income_Access_Share_Arrangements_Reminder_website.pdf

    Letters sent to shareholders on August 19, 2016, outlining developments to the IAS arrangements can be found at:
    http://www.shareview.co.uk/clients/misc/shire/new_shareholder_ias.pdf
    http://www.shareview.co.uk/clients/misc/shire/existing_shareholder_ias.pdf

    IAS arrangement election forms can be found at:

    Shareholders (natural persons)
    http://www.shareview.co.uk/clients/misc/shire/dividend_election_form_individual.pdf
    http://www.shareview.co.uk/clients/misc/shire/dividend_election_form_individual_continuation.pdf

    Shareholders (corporate)
    http://www.shareview.co.uk/clients/misc/shire/dividend_election_form_corporate.pdf
    http://www.shareview.co.uk/clients/misc/shire/dividend_election_form_corporate_continuation.pdf

  16. Is any withholding tax payable on my dividends?

    Dividends received from the Company

    Any dividends paid by the Company directly will be subject to Irish dividend withholding tax of 20% unless an exemption applies under Irish domestic tax law and provided that the Company has received all necessary documentation required by the relevant legislation from the shareholder prior to payment of the dividend.

    Individual shareholders who are (ordinarily) resident in the UK will generally be subject to UK income tax on the gross amount of any dividends paid by the Company before deduction of any Irish tax withheld. For information regarding the Dividend Allowance, visit www.gov.uk/tax-on-dividends.

    Shareholders may also, depending on their individual circumstances, be able to claim a credit for any Irish withholding tax deducted. For further information on dividend withholding tax and about what declarations are required to be made in particular circumstances, shareholders should contact Equiniti.

    Dividends received via the Income Access Share (IAS) arrangements

    Any dividends paid via the IAS arrangements will not be subject to any withholding tax.

    Individual shareholders who are (ordinarily) resident in the UK will generally be subject to UK income tax on the gross amount of any dividends paid by the Company. For information regarding the Dividend Allowance, visit www.gov.uk/tax-on-dividends.

    Shareholders should contact Equiniti for further information on tax on dividends received via the IAS arrangements.

  17. I have questions about tax on my dividends, who should I direct them to?

    Ordinary Shareholders

    You should contact Equiniti or your financial adviser.

    ADR Holders

    You should contact Citibank Shareholder Services or your financial adviser.

  18. What should I do if I lose my dividends cheque or confirmation statement?

    Ordinary shareholders

    You should contact Equiniti as soon as possible, confirming the payment or statement has been lost. For cheques, Equiniti will arrange for the old cheque to be stopped and will issue you with a duplicate which could be subject to an administration fee. Please visit Equiniti’s Shareview FAQs for further information, details and associated administration fees with obtaining either a duplicate cheque or confirmation statement.

    To avoid any further loss, you may wish to consider arranging for the dividend to be paid directly into your bank account, which can be done by completing the Dividend payments direct to your bank/building society account form.

    ADR holders

    Please visit the dividend section of our ADR Holders Guide for further information. 

  19. I have found an out of date dividend cheque. How can I cash it?

    Ordinary shareholder

    Cheques should remain valid for 12 months from the date of issue. Please send any out of date cheques to Equiniti, with a request that they issue a replacement cheque. There will be an administration charge for issuing replacement dividend cheques for payments over £30.00.
     
    ADS shareholder

    Please contact Citi's Shareholder Services either by phone or by e-mail.

  20. Where can I find out more?

    For Investor Relations queries please call:

    North America and Europe
    Sarah Elton-Farr
    Tel: +44 1256 894 157
    Email: seltonfarr@shire.com

    Other queries should be directed to:

    Ordinary shareholders

    Shire’s Registrar, Equiniti can be contacted by telephone or in writing as follows:

    Telephone:
    Shareholder helpline
    In the UK: Tel: 0371 384 2553
    From overseas: Tel: +44 (0)121 415 7047

    In writing:
    Shire Shareholder Services
    Equiniti (Jersey) Limited
    PO Box 63
    11-12 Esplanade
    St Helier
    Jersey JE4 8PH

    ADR Holders

    Citibank, N.A. is Shire’s ADR Depositary bank.
    Citibank can be contacted via telephone, by email or in writing as follows:

    Telephone:

    Toll free within the United States at: 1-877-Citi-ADR (1-877-248-4237)†
    International Number: +1-781-575-4555†

    By email: Citibank@shareholders-online.com

    In writing:
    Citibank Shareholder Services
    P.O. Box 43077
    Providence, Rhode Island 02940-3077
    USA

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