Business
Publication of Circular and Notice of GM
Publication of Circular and Notice of GM.
About this update from Stv Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1930F\n STV Group PLC\n 13 November 2020\n \n \n \n \n STV Group plc\n \n \n (\"STV\" or the \"Company\")\n \n \n \n \n \n Proposed Bonus Issue of Shares\n \n \n Publication of Circular and Notice of General Meeting \n \n \n \n \n \n Bonus Issue 13 November 2020\n \n \n As set out in the Company's announcement made on 1 September 2020, STV today confirms that rather than pay the interim dividend in cash, it will issue new Shares by way of a bonus issue to Shareholders, equating to 3.0p per share (the \"Bonus Issue\"). In accordance with the Company's Articles of Association, the Bonus Issue is conditional on shareholder approval being obtained at a general meeting to be held virtually on 3 December 2020 at 12:30pm (or any adjournment thereof) (the \"General Meeting\").\n \n \n The Bonus Shares will be issued to Shareholders who appear on the Company's register of members as at 6pm on 11 December 2020 (the \"Bonus IssueRecord Time\") and Bonus Issue entitlements will be calculated using the formula outlined in this RNS announcement and the \n shareholder circular seeking approval of the Bonus Issue (the \"Circular\"), to be posted to Shareholders today.\n \n \n The Company announces the dates and times given in the table below in connection with the Bonus Issue, which are indicative only and are based on the Company's current expectations and are subject to change. If any dates and/or times in this expected timetable change, the revised dates and/or times will be notified to Shareholders by announcement through a Regulatory Information Service. All times shown are London times unless otherwise stated.\n \n The number of Bonus Shares (if any) to which each Shareholder on STV's register of members as at the Bonus Issue Record Time is entitled, is calculated using the following formula:\n \n a) the number of Ordinary shares held at the Bonus Issue Record Time multiplied by 3.0 pence; divided by\n \n b) the average of the mid-market closing price (in pence) of an STV share on the Daily Official List of the London Stock Exchange for the five consecutive dealing days commencing from and including 3 December 2020.\n \n \n \n \n No fraction of a Bonus Share will be issued; any fractional entitlements will be aggregated and the Company will procure that the maximum whole n...