Business
Scrip Dividend - calculation price
Scrip Dividend - calculation price.
About this update from Convatec Group Plc
[{"type":"text","content":"\n \nRNS Number : 9427V ConvaTec Group PLC 11 April 2019 \n\n \nScrip Dividend - calculation price\n \nReading, United Kingdom (11 April 2019)\nOn 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/£1.00, giving a total sterling dividend of £60,895,787. 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.\nThe \"Calculation Price\" for the issue of new ordinary shares under the scrip dividend scheme is:\n137.28 pence for each new ordinary share\nThis is equivalent to 1 new share for approximately 44.32 shares held prior to the ex-dividend date of \n4 April 2019\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 4 April to 10 April 2019 (inclusive). \nThe 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.\nDetails of the scrip dividend scheme are available at www.convatecgroup.com/investors.\nTIMETABLE\nKey dates in respect of the scrip dividend scheme for the final dividend are:\n\n\n\n\n Ex-divide...