Shareholder FAQs

Q: What is the Base cost apportionment for the 2016 Return of Capital? 

Question

Based on New Ordinary Shares priced on 28 January 2016 at 282.30p, the 7 for 48 consolidation and the estimated B share market value of 240p, 14.64% of the base cost of the existing Ordinary Shares will be apportioned to the New Ordinary shares and 85.36% to the B Shares.

Download the Base Cost Apportionment here (0.19MB)

 

Q: How can I buy or sell shares? 

Question

Investors normally use a stockbroker, bank or building society or a "share shop" that offers a similar service. The commissions charged for buying and selling shares vary between the different organisations.

Equiniti provide a range of Sharedealing services, full details, including rates and charges can be found at www.shareview.co.uk.

Phone
0345 603 7037 Lines are open Monday - Friday, 8:00am to 4:30pm for dealing, and until 6:00pm for enquiries.

Online
You can do your share dealing online, in real time, between 8:00am and 4:30pm, Monday to Friday.

 

Q: Where can I find the current share price? 

Question

It is shown in most UK newspapers usually under "Industrials". Share prices are often quoted alongside a unique code known as a stock exchange ticker. The London Stock Exchange ticker for Melrose is MRO.

In addition, information on the recent movements in the share price is available on this website.

 

Q: Where can I find information about historical share prices? 

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Information about historical Melrose share prices is available on the share price information page.

 

Q: What are dividends? 

Question

The dividend is the amount that directors of a company propose to pay out of the profits to its shareholders. Dividends can be thought of as the income that shareholders receive from their investment. Dividends are quoted on a per share basis.

 

Q: When are dividends paid? 

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We normally pay dividends twice a year, as an "interim dividend" and a "final dividend". When the financial results for the half year and full year are announced, the level of dividend to be paid to shareholders is also announced. The dividend is usually paid in May and October and is paid to everyone who holds shares on the "record date". Upcoming record dates can be found in the financial calendar.

 

Q: How can I have my dividends paid into my bank account? 

Question

Please contact Equiniti registrars on 0371 384 2030 or +44 121 415 7047.

 

Q: What is the “ex-dividend” date? 

Question

The ex-dividend date is a specific date, occurring after the dividend has been declared after which buyers are no longer entitled to receive the last declared dividend. This is known as going "ex-dividend" and before this date the shares are said to be "cum-dividend". If you buy shares before the ex-dividend date, you are entitled to the recently announced dividend. If you purchase shares on or after that date, the previous owner of the shares (and not you) is entitled to the dividend. The ex-dividend date for the latest dividend can be found in the financial calendar.

 

Q: What is the dividend “record date”? 

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This is the date the registrars view the register to prepare the dividend payment. A shareholding must be recorded on the register on this date to receive the dividend. The record date normally falls about three weeks before the dividend is paid. The record date for the latest dividend can be found in the financial calendar.

 

Q: Does Melrose have a dividend reinvestment plan? 

Question

A Dividend Reinvestment Plan (DRP) is available to give shareholders the opportunity to elect for their cash dividend to be used to purchase Melrose ordinary shares in the market. A commission charge of 0.5 per cent of the value of the shares purchased will be charged. Purchases will also be liable to stamp duty at a rate of 0.5 per cent of the value of the shares purchased. As the shares will be purchased in the market, there will be no increase in the Company's issued share capital. The plan is administered by Equiniti which is authorised and regulated by the Financial Conduct Authority.

Dividend Reinvestment Plan Terms and Conditions

Dividend Reinvestment Form

 

Q: Do I have to pay tax on my dividends? 

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Your tax obligations will vary depending on your financial circumstances. We recommend you obtain independent financial advice.

 

Q: What are special dividends and share redemptions? 

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Special dividends/share redemptions are one-off returns of capital made by the company to its shareholders. They are declared separately from the Company’s six monthly cycle of interim and final dividends.

 

Q: How and why are special dividends paid? 

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In accordance with the Melrose strategy, when a business is sold which is material to the size of the Group, the net proceeds of the sale may be returned to shareholders by way of a special dividend or a share redemption. Shareholders are normally offered a choice as to how to receive this payment whichmay assist shareholders in meeting their individual tax requirements. The last special dividend declared by Melrose was paid in August 2011, following the sale of the Dynacast and Brush Traction businesses, and amounted to £373.2 million (or 75p per existing ordinary share at that time). Any return of capital to shareholders by way of a special dividend or a share redemption is subject to the approval of shareholders at a General Meeting.

 

Q: How can I have a change of address noted on the share register? 

Question

By notifying the registrar, Equiniti, on 0371 384 2030 or +44 121 415 7047, or by going to www.shareview.co.uk and registering your email address. Shareview is a secure shareholder self-service website. It’s available 24 hours a day and is free to all Melrose shareholders. By going online, you can amend your address, check share balances, check payment and tax information and also update payment instructions.

 

Q: How can I have a change of name noted on the share register? 

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By contacting Equiniti on 0371 384 2030 or +44 121 415 7047.

 

Q: How can I transfer shares to another member of my family, or any other person? 

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By contacting Equiniti on 0371 384 2030 or +44 121 415 7047 and requesting a Standard Transfer form.

Stamp duty may be payable on the transfer. You should refer to the guidance notes on the transfer form for more information.

 

Q: How can I replace my lost or missing certificates? 

Question

You should write to Equiniti, Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA telling them you have mislaid your certificate. They will send you a letter of indemnity to sign and return to them. The indemnity provides you with cover for any loss arising from a dispute over ownership of the missing shares. An administration fee is usually charged for this service.

If the value of the shareholding represented by the lost or misplaced share certificate is more than £100, the indemnity must be countersigned by a bank or insurance company, which may also charge a fee. Alternatively Equiniti offers a countersignature service where the value of the shareholding is between £100 and £50,000 upon the payment of an insurance premium. A sliding scale of charges applies, depending on the value of the lost certificate to reflect the greater risk to the insurer.

Please check to ensure that the certificate has been lost before informing Equiniti in order to avoid incurring any fees (as outlined above).

To request an indemnity please contact Equiniti advising them of your full name, address, the company in which you hold shares, the certificate number and amount of any share certificate(s) still in your possession.

 

Q: Can I receive shareholder documents electronically? 

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Yes. To register to receive the Company's shareholder publications electronically by email you need to register your email address with Equiniti.

Shareholders who choose to receive electronic copies can change their election at any time by contacting Equiniti.

 

Q: Can I consolidate my share certificates? 

Question

Yes, if your certificated holding in Melrose is represented by several share certificates you may wish to have these replaced by one consolidated share certificate. There is no charge for this service. You should send your certificates with a letter of instruction to Equiniti, Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA.

 

Q: What happens if a shareholder dies? 

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Please advise Equiniti in writing as soon as possible and they will explain what has to be done.

 

Q: Can I view details of my Melrose shareholding online? 

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You can view details of all your holdings for companies registered with Equiniti online through Equiniti’s Shareview service as soon as you register. Once you have registered you will be able to view all your holdings and update your details online.

 

Q: What is CREST? 

Question

CREST is an electronic system for settling the sale and purchase of shares. Membership is voluntary and it is typically used by institutions, and by individual investors who have a large share portfolio or who buy and sell shares frequently. CREST enables shareholders to hold and transfer their shareholdings in electronic form rather than using paper. For further information on CREST, please write to CRESTCo Limited, Trinity Tower, 9 Thomas More Street, London E1 9YN.