ConvaTec Group PLC Scrip Dividend - calculation price (9427V)
11 Aprile 2019 - 03:15PM
UK Regulatory
TIDMCTEC
RNS Number : 9427V
ConvaTec Group PLC
11 April 2019
Scrip Dividend - calculation price
Reading, United Kingdom (11 April 2019)
On 12 February 2019, the Board of Directors of ConvaTec Group
Plc ("ConvaTec" or "the Company") proposed a final dividend of
3.983 cents per share (the "final dividend") subject to shareholder
approval at the Annual General Meeting on 9 May 2019. This final
dividend is to be paid on 16 May 2019 to shareholders on the share
register as at 5 April 2019 ("record date"). The dividend is
payable in cash in sterling to holders of ordinary shares, the
chosen exchange rate for this payment is $1.286/GBP1.00, giving a
total sterling dividend of GBP60,895,787. On 14 February 2019, the
Company announced that 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:
137.28 pence for each new ordinary share
This is equivalent to 1 new share for approximately 44.32 shares
held prior to the ex-dividend date of
4 April 2019
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 4 April to 10 April 2019 (inclusive).
The latest date for receipt of elections to participate in the
scrip dividend scheme for this final dividend is 23 April 2019.
Shareholders must return their mandate form by 5pm (London time) or
otherwise input their CREST elections to be received by the
Company's registrar, Computershare, by 3pm (London time) on 23
April 2019. 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 4 April 2019
Record Date 5 April 2019
Scrip calculation price determined 4-10 April 2019 (inclusive)
Scrip calculation price available and announced 11 April 2019
Mandate delivery deadline for Shares held 3.00 p.m. on 23 April
in uncertificated form 2019
Mandate delivery deadline for Shares held 5.00 p.m. on 23 April
in certificated form 2019
Announcement of the total amount of new 29 April 2019
shares to be issued
Dividend payment date 16 May 2019
Dispatch of statement in accordance with 16 May 2019
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
Mark Reynolds, Director Investor Relations, ConvaTec +44 (0)7551 036 625
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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(END) Dow Jones Newswires
April 11, 2019 09:15 ET (13:15 GMT)
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