ConvaTec Group PLC Scrip Dividend - calculation price (7388A)
September 13 2018 - 10:00AM
UK Regulatory
TIDMCTEC
RNS Number : 7388A
ConvaTec Group PLC
13 September 2018
Scrip Dividend - calculation price
Reading, United Kingdom (13 September 2018)
On 1 August 2018 ConvaTec Group Plc ("ConvaTec" or "the
Company") declared an interim dividend of 1.717 cents per share
(the "interim dividend"). This interim dividend is to be paid on 12
October 2018 to shareholders on the share register as at 7
September 2018 ("record date"). The dividend is payable in cash in
sterling to holders of ordinary shares, the chosen exchange rate
for this payment is $1.312/GBP1.00, determined on 1 August 2018,
giving a total sterling dividend of GBP25,669,593.70. On 2 August
2018 the Company announced that a scrip dividend 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:
228.08 pence for each new ordinary share
This is equivalent to 1 new share for approximately 174.28
shares held prior to the ex-dividend date of 6 September 2018
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 6 September to 12 September 2018 (inclusive).
The latest date for receipt of elections to participate in the
scrip dividend scheme for this interim dividend is 21 September
2018. 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 21 September
2018. 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 6 September 2018
Record Date 7 September 2018
Scrip calculation price determined 6-12 September 2018
(inclusive)
Scrip calculation price available and announced 13 September 2018
Mandate delivery deadline for Shares held 3.00 p.m. on 21 September
in uncertificated form 2018
Mandate delivery deadline for Shares held 5.00 p.m. on 21 September
in certificated form 2018
Announcement of the total amount of new shares 28 September 2018
to be issued
Dividend payment date 12 October 2018
Dispatch of statement in accordance with section 12 October 2018
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
LEI: 213800LS272L4FIDOH92
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.
# # #
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END
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