ConvaTec Group PLC Scrip Dividend - Calculation Price (3880J)
09 Aprile 2020 - 01:30PM
UK Regulatory
TIDMCTEC
RNS Number : 3880J
ConvaTec Group PLC
09 April 2020
Scrip Dividend - calculation price
Reading, United Kingdom (9 April 2020)
On 27 February 2020, 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 2020. This Final
Dividend is to be paid on 14 May 2020 to shareholders on the share
register as at 3 April 2020 ("Record Date"). The Final Dividend is
payable in cash, in sterling to holders of ordinary shares, the
chosen exchange rate for this payment is $1.287/GBP1.00, determined
on 27 February 2020, giving a total sterling dividend of
GBP61,389,753.69. 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:
179.72 pence for each new ordinary share.
This is equivalent to 1 new share for approximately 58.07 shares
held prior to the ex-dividend date of 2 April 2020.
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 2 April to 8 April 2020 (inclusive).
The latest date for receipt of elections to participate in the
scrip dividend scheme for the Final Dividend is 21 April 2020.
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 21 April 2020.
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 2 April 2020
Record Date 3 April 2020
Scrip calculation price determined 2-8 April 2020 (inclusive)
Scrip calculation price available and announced 9 April 2020
Mandate delivery deadline for Shares held 3.00 p.m. on 21 April
in uncertificated form 2020
Mandate delivery deadline for Shares held 5.00 p.m. on 21 April
in certificated form 2020
Announcement of the total amount of new 28 April 2020
shares to be issued
Dividend payment date 14 May 2020
Dispatch of statement in accordance with 14 May 2020
section 7 of Scheme
Rules and share certificates, CREST accounts
credited/updated,
and first day of dealings in New Shares
Enquiries
Analysts and Investors
Mark Reynolds, Director Investor Relations, ConvaTec +44 (0)7551 036 625
ir@convatec.com
Media
Buchanan: Charles Ryland / Chris Lane / Vicky Hayns +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.
# # #
END
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END
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April 09, 2020 07:30 ET (11:30 GMT)
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