ConvaTec Group PLC Scrip Dividend - Calculation Price (1878V)
April 12 2021 - 9:15AM
UK Regulatory
TIDMCTEC
RNS Number : 1878V
ConvaTec Group PLC
12 April 2021
Scrip Dividend - calculation price
Reading, United Kingdom (12 April 2021)
On 4 March 2021, the Board of Directors of ConvaTec Group Plc
("ConvaTec" or "the Company") proposed a final dividend of 3.983
cents per share ("Final Dividend"), subject to approval at the
forthcoming Annual General Meeting on 7 May 2021. This Final
Dividend is to be paid on 13 May 2021 to shareholders on the share
register as at 6 April 2021 ("Record Date"). The Final Dividend is
payable in cash, in sterling to holders of ordinary shares, the
chosen exchange rate for this payment is $1.400/GBP1.00, determined
on 4 March 2021, giving a total sterling dividend of GBP57,023,676.
A scrip dividend will be made available for this Final 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:
197.00 pence for each new ordinary share.
This is equivalent to 1 new share for approximately 69.24 shares
held prior to the ex-dividend date of 1 April 2021.
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 1 April to 9 April 2021 (inclusive).
The latest date for receipt of elections to participate in the
scrip dividend scheme for the Final Dividend is 22 April 2021.
Shareholders must return their mandate form by 5pm (BST) or
otherwise input their CREST elections to be received by the
Company's registrar, Computershare, by 3pm (BST) on 22 April 2021.
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 Final
Dividend are:
Ex-dividend Date 1 April 2021
Record Date 6 April 2021
Scrip calculation price determined 1-9 April 2021 (inclusive)
Scrip calculation price available and announced 12 April 2021
Mandate delivery deadline for Shares held 3.00 p.m. on 22 April
in uncertificated form 2021
Mandate delivery deadline for Shares held 5.00 p.m. on 22 April
in certificated form 2021
Announcement of the total amount of new 28 April 2021
shares to be issued
Dividend payment date 13 May 2021
Dispatch of statement in accordance with 13 May 2021
section 7 of Scheme
Rules and share certificates, CREST accounts
credited/updated,
and first day of dealings in New Shares
Enquiries
Analysts and Investors
Kate Postans, VP Investor Relations
& Corporate Communications +44 (0)7826 447807
ir@convatec.com
Media
Buchanan: Charles Ryland / Chris Lane +44 (0)207 466 5000
ConvaTec Group Plc's LEI code is 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 care. Our vision, which
encompasses our purpose, is: Pioneering trusted medical solutions
to improve the lives we touch. Our 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 .
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