Business
Scrip Dividend
Scrip Dividend.
About this update from Convatec Group Plc
[{"type":"text","content":"\n \nRNS Number : 2766Q ConvaTec Group PLC 11 September 2017 \n\nScrip Dividend\n \n \nReading, United Kingdom (11 September 2017) \n \nOn 3 August 2017 ConvaTec Group Plc (\"ConvaTec\" or \"the Company\") declared an interim dividend of 1.4 cents per share (the \"interim dividend\"). The Board of ConvaTec has decided to offer shareholders the opportunity to participate in the Company's Scrip Dividend Scheme (\"Scheme\") in respect of this interim dividend, such that shareholders may elect to receive new ordinary shares in the Company instead of cash (\"scrip dividend\"). A cash dividend will be paid to shareholders unless they elect to receive the scrip dividend. The interim dividend will be converted to Sterling at the chosen exchange rate of $1.32/£1.00 determined on 2 August 2017. The sterling conversion of the interim dividend at the chosen exchange rate is 1.06 pence per share.\n \nIn relation to the Scheme, the following documents have today been distributed to shareholders:\n \n· Letter from the Chairman regarding the Scrip Dividend Scheme (\"Explanatory Letter\")\n· Scrip Dividend Scheme Information Booklet (\"Scheme Rules\");\n· Scrip Dividend Scheme mandate form (\"Mandate Form\").\n \nThe Scheme Rules have been uploaded to the National Storage Mechanism in the UK and will be shortly available for inspection at www.morningstar.co.uk/UK/NSM. The Explanatory Letter and Scheme Rules will also be available on the Company's website, www.convatecgroup.com/investors. The Scheme will apply to all dividends on which a scrip dividend alternative is offered and enables shareholders to increase their holding in the Company without incurring dealing costs or stamp duty.\n \nCertificated shareholders electing to receive the scrip dividend should complete the Mandate Form, or if registered for electronic elections they may choose to participate electronically through the Company's Registrar's investor website at www.investorcentre.co.uk. Shareholders who hold their shares in uncertificated form through CREST can only elect to participate in the scrip dividend by means of the CREST procedures as detailed in the Scheme Rules. \n \nShould a shareholder elect to receive the scrip dividend, they wil...