Scrip Dividend
April 17 2003 - 8:09AM
UK Regulatory
RNS Number:1722K
Conister Trust PLC
17 April 2003
Conister Trust PLC
Scrip Dividend
The Board of Conister Trust PLC announces that it will be offering a scrip
dividend alternative in lieu of the final cash dividend of 0.6p per share which
was recently announced as being proposed in respect of the Company's year ended
31 December 2002. The reference price of 32p per share is based on the average
of the middle market quotations for the Company's shares for the five business
days commencing 9 April 2003 as derived from the Daily Official List. The
entitlement is therefore 1 new ordinary share for every 54 ordinary shares held
on the dividend record date of 11 April 2003. In accordance with the Company's
Articles of Association any balance remaining will be carried forward to the
next dividend payment date.
If all shareholders opt to receive ordinary shares in lieu of their dividends, a
maximum of 456,210 shares would be issued representing 1.85 per cent of the
current issued share capital.
Application will be made for up to 456,210 ordinary shares to be admitted to AIM
in respect of the scrip dividend alternative on 23 May 2003.
A scrip dividend alternative letter is being sent to all shareholders on 17
April 2003 and copies are available from the Company Secretary, Conister Trust
PLC, PO Box 17, Douglas, Isle of Man, IM99 1AR.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCNKOKKNBKDFQD