ConvaTec Group PLC Scrip Dividend - Total Issued Shares (9082W)
April 28 2021 - 6:45AM
UK Regulatory
TIDMCTEC
RNS Number : 9082W
ConvaTec Group PLC
28 April 2021
ConvaTec Group Plc
Scrip Dividend - Total Issued Shares
Reading, United Kingdom (28 April 2021)
The Board of Directors of ConvaTec Group Plc ("ConvaTec" or "the
Company") proposed a final dividend in respect of 2020 of 3.983
cents per share ("Final Dividend"), subject to shareholder approval
at the Annual General Meeting on 7 May 2021 ("AGM"). The Final
Dividend is to be paid on 13 May 2021 to shareholders on the share
register as at 6 April 2021 ("Record Date"). The dividend is
payable in cash in sterling to holders of ordinary shares. On 5
March 2021, the Company announced that a scrip dividend would be
made available for the Final Dividend, allowing shareholders to
elect to receive their dividend in the form of new ordinary shares.
The calculation price for the scrip dividend was announced on 12
April 2021.
Subject to the approval of the Final Dividend at the AGM,
9,475,532 ordinary shares of 10 pence each will be allotted and
issued on 13 May 2021 by the Company to those shareholders who
elected to receive the scrip dividend alternative. Elections for
the scrip dividend were made in respect of 656,132,544 ordinary
shares of 10 pence each, representing 32.74% of the Company's
issued share capital. The shares will rank pari passu with the
existing issued ordinary shares of the Company. Application will be
made to the Financial Conduct Authority for the shares to be
admitted to the Official List and to the London Stock Exchange for
the shares to be admitted to trading.
Following the issue of shares under the scrip dividend scheme in
respect of the Final Dividend, the Company's issued share capital
will be 2,013,822,670 ordinary shares of 10 pence each.
Dealings in the shares issued under the scrip dividend scheme is
expected to commence on 13 May 2021.
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, ConvaTec +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. 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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