ConvaTec Group PLC Scrip Dividend - calculation price (7558Q)
September 14 2017 - 4:09AM
UK Regulatory
TIDMCTEC
RNS Number : 7558Q
ConvaTec Group PLC
14 September 2017
Scrip Dividend - calculation price
Reading, United Kingdom (14 September 2017)
On 3 August 2017 ConvaTec Group Plc ("ConvaTec" or "the
Company") declared an interim dividend of 1.4 cents per share (the
"interim dividend"). This interim dividend is to be paid on 20
October 2017 to shareholders on the share register as at 8
September 2017 ("record date"). The dividend is payable in cash in
sterling to holders of ordinary shares. On 11 September 2017 the
Company announced that a scrip dividend scheme will be made
available for this interim dividend allowing shareholders to elect
to receive their dividend in the form of new ordinary shares.
The "Calculation Price" for the issue of new ordinary shares
under the scrip dividend scheme is:
272 pence for each new ordinary share
This is equivalent to 1 new share for approximately 256.6 shares
held prior to the ex-dividend date of 7 September 2017
The Calculation Price is the average of the middle market
quotations of a ConvaTec share, derived from the London Stock
Exchange Daily Official List, for the five consecutive business
days from 7 September to 13 September 2017 (inclusive).
The latest date for receipt of elections to participate in the
scrip dividend scheme for this interim dividend is 29 September
2017. Shareholders must return their mandate form by 5pm (GMT) or
otherwise input their CREST elections to be received by the
Company's registrar, Computershare, by 3pm (GMT) on 29 September
2017. Elections received after this deadline will apply to
subsequent dividends only. Unless revoked by you, your scrip
dividend election will apply for all future dividends for which a
scrip dividend is offered. Evergreen elections for CREST
shareholders cannot be accepted and elections will revert to cash
by default after the payment of each dividend.
Details of the scrip dividend scheme are available at
www.convatecgroup.com/investors
TIMETABLE
Key dates in respect of the scrip dividend scheme for the
interim dividend are:
Ex-dividend Date 7 September 2017
Record Date 8 September 2017
Scrip calculation price determined 7-13 September
2017 (inclusive)
Scrip calculation price available 14 September 2017
and announced
Mandate delivery deadline for Shares 3.00 p.m. on 29
held in uncertificated form September 2017
Mandate delivery deadline for Shares 5.00 p.m. on 29
held in certificated form September 2017
Announcement of the total amount 5 October 2017
of new shares to be issued
Dividend payment date 20 October 2017
Dispatch of statement in accordance 20 October 2017
with section 7 of Scheme Rules and
share certificates, CREST accounts
credited/updated, and first day
of dealings in New Shares
Enquiries
Media
Bobby Leach, VP Group Corporate Affairs, ConvaTec +44 (0)7770 842 226
Alastair Elwen, Finsbury +44 (0)207 251 3801
Analysts and Investors
John Crosse, VP Investor Relations, ConvaTec +44 (0)7500 141 435
Kirsty Law, Director Investor Relations, ConvaTec +44 (0)7470 909 582
investorrelations@convatec.com
About ConvaTec
ConvaTec is a global medical products and technologies company
focused on therapies for the management of chronic conditions, with
leading market positions in advanced wound care, ostomy care,
continence and critical care, and infusion devices. ConvaTec's
products provide a range of clinical and economic benefits
including infection prevention, protection of at-risk skin,
improved patient outcomes and reduced total cost of care. To learn
more about ConvaTec, please visit www.convatecgroup.com where a
copy of this announcement can also be found.
# # #
This information is provided by RNS
The company news service from the London Stock Exchange
END
DIVOKQDKCBKKCCD
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September 14, 2017 05:09 ET (09:09 GMT)
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