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Convatec Group PLC: Scrip Dividend – Calculat...
Convatec Group PLC: Scrip Dividend – Calculat....
About this update from Convatec Group Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nConvatec Group PLC (CTEC)\n\n\n\n\n\n\nConvatec Group PLC: Scrip Dividend – Calculation Price 25-Aug-2023 / 19:12 GMT/BST\n\n\n25 August 2023\n\nConvatec Group Plc(\"Convatec\" or \"the Company\")\n\nScrip Dividend – Calculation Price\n\nOn 2 August 2023, the Board of Directors of Convatec Group Plc (“Convatec” or “the Company”) declared an interim dividend of 1.769 cents per share (“Interim Dividend”). This Interim Dividend is to be paid on 28 September 2023 to shareholders on the share register as of 18 August 2023 (“Record Date”). The Interim Dividend is payable in cash, in sterling to holders of ordinary shares. The chosen exchange rate for this payment is US$1.282 /£1.00, determined on 1 August 2023, giving a total sterling dividend of £28,226,583. 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. \n\nThe “Calculation Price” for the issue of new ordinary shares under the scrip dividend scheme is:\n\n221.0 pence for each new ordinary share.\n\nThis is equivalent to 1 new share for approximately 160.14 shares held prior to the ex-dividend date of 17 August 2023.\n\nThe 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 17 August to 23 August 2023 (inclusive). \n\nThe latest date for receipt of elections to participate in the scrip dividend scheme for the Interim Dividend is 7 September 2023. 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 7 September 2023. 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.\n\nDetails of the scrip dividend scheme are available at https://www.convatecgroup.com/investors/shareholder-centre/dividend-information/\n\nTIMETABLE\n\nKey dates in respect of the scrip dividend scheme ...