Investor centre
Dividend Re-Investment Plan
Our Dividend Re-Investment Plan (DRIP) allows you to re-invest any dividend payable on your shareholding to buy further shares in KCOM Group PLC cheaply and easily.
How does the plan work?
The plan is managed by Capita IRG Trustees Limited (CIRGT). If you decide to participate in the Plan, you will still be paid a dividend, but this will be used by CIRGT to buy shares in KCOM Group PLC on your behalf.
CIRGT instructs the broker to buy shares with the dividend payment at the current market price. You will not be aware of the purchase price.
Any of your dividend left over which is insufficient to purchase a whole share will be carried forward and held, without interest, in a Client Money bank account.
The DRIP commission charged by CIRGT is one percent of the purchase price of the shares, with a minimum charge of £2.50.
What are the benefits?
- You can increase your shareholding in KCOM Group PLC over the long term at lower dealing commission rates than are generally available through retail brokers
- The DRIP has a compounding effect of increasing both your shareholding and dividend payments
- It provides an alternative method of dividend payment for shareholders in qualifying countries who may have difficulty cashing Sterling cheques due to high bank charges
How will I know how many DRIP shares I have received?
Within one working day of the Dividend Payment Date (see the "Dividend Section" of the website), Capita will buy the relevant number of shares in the market. You will then receive an Accounting Statement within 2 working days of the purchase, and this will tell you how many shares have been bought for you and the relevant share price for the purchase. Your share certificate should follow a few days later.
Find out more
To receive more information about the Dividend Re-investment Plan or to apply to participate in it, contact Capita Registrars on 0871 664 0313 (Calls cost 10p per minute plus network extras) or at ssd@capitaregistrars.com.
Alternatively, if you have registered to use our Shareholder Portal you can apply to participate in the Plan via the portal.