This is a method by which a company offers shareholders a way of taking dividends in the form of company shares. In a Scrip scheme, the cash dividend is not paid to those holders opting to receive shares. Instead, shares are allotted to participating holders and share certificates sent to them on the payment date. If the amount of the dividend is not divisible exactly by the share price and there is a fraction of a share left over, this is added to the next dividend or given to charity depending on the terms of the scheme. The scrip scheme involves the issue of new shares to fulfil the dividend payments. Xansa currently offers shareholders a scrip dividend option.