REG-Convatec Group PLC Convatec Group PLC: Scrip Dividend – Calculation Price

ConvaTecAnnouncement

13/09/2022 12:15

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Convatec Group PLC (CTEC)
Convatec Group PLC: Scrip Dividend – Calculation Price

13-Sep-2022 / 12:08 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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13 September 2022

                                Convatec Group Plc
                           ("Convatec" or "the Company")

                        Scrip Dividend – Calculation Price

On 4 August 2022, the Board of Directors of Convatec Group Plc ("Convatec" or "the
Company") declared an interim dividend of 1.717 cents per share ("Interim
Dividend"). This Interim Dividend is to be paid on 6 October 2022 to shareholders
on the share register as of 26 August 2022 ("Record Date"). The Interim Dividend is
payable in cash, in sterling to holders of ordinary shares. The chosen exchange
rate for this payment is $1.218/£1.00, determined on 3 August 2022, giving a total
sterling dividend of £28,782,516. 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.

 

The "Calculation Price" for the issue of new ordinary shares under the scrip
dividend scheme is:

                     217.88 pence for each new ordinary share.

This is equivalent to 1 new share for approximately 154.5 shares held prior to the
                        ex-dividend date of 25 August 2022.

                                          

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 25 August 2022 to 1 September 2022 (inclusive).

 

The latest date for receipt of elections to participate in the scrip dividend
scheme for the Interim Dividend has been extended to Friday 16 September 2022.
Shareholders must return their mandate form by 5pm (BST) or otherwise input their
CREST elections to be received by the Company's registrar, Computershare Investor
Services PLC, by 3pm (BST) on 16 September 2022. 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 or 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
 1 https://www.convatecgroup.com/investors/shareholder-centre/dividend-information/

 

Enquiries 

Analysts and Investors 

Kate Postans, VP Investor Relations,
Convatec                                                            +44 (0)782 644
7807 

 2 ir@convatec.com 

 

Media 

Buchanan: Charles Ryland / Chris Lane              
                                                            +44 (0)207 466 5000
                                           

Convatec Group Plc’s LEI code is 213800LS272L4FIDOH92 

 

About Convatec 
 

Pioneering trusted medical solutions to improve the lives we touch: Convatec is a
FTSE 250 global medical products and technologies company, focused on solutions for
the management of chronic conditions, with leading positions in advanced wound
care, ostomy care, continence and critical care, and infusion care. Group revenues
in 2021 were over $2 billion. With around 10,000 colleagues, we provide our
products and services in over 100 countries, united by a promise to be forever
caring. Our products provide a range of benefits, from infection prevention and
protection of at-risk skin, to improved patient outcomes and reduced care costs. To
learn more about Convatec, please visit  3 http://www.convatecgroup.com

 

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   ISIN:          GB00BD3VFW73
   Category Code: DIV
   TIDM:          CTEC
   LEI Code:      213800LS272L4FIDOH92
   Sequence No.:  187863
   EQS News ID:   1441513


    
   End of Announcement EQS News Service

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References

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