Unlike other listed companies, the Company makes payments to its shareholders in the form of C Shares.
C Shares are redeemable preference shares of 0.1p each in the capital of Rolls-Royce Holdings plc (the Company). The Company will generally issue C Shares to its ordinary shareholders twice a year in lieu of a cash dividend.
Shareholders can opt for one of the following:
- redeem all C shares for cash;
- redeem the shares for cash and reinvest the proceeds in additional Ordinary Shares;
- keep the C Shares.
When you first purchase shares in the Company you will receive a Welcome letter in which you will be invited to complete a Payment Instruction Form. If you would like to receive cash or additional Ordinary Shares from the Company it is important that you complete this form and return it to the Registrar. If you do not complete a Payment Instruction Form you will receive C Shares.
The Payment Instruction Form is a standing instruction which means it will be applied to all future issues of C Shares and no further action is required. All shareholders are free to change this instruction at any time by completing a new Payment Instruction Form.
Between 2004 and 2008, the Company issued B shares. More information about B shares and their previous issues can be found at B Shares - Historical Information