REG - ConvaTec Group PLC - Scrip Dividend - Total Issued Shares

ConvaTecAnnouncement

27/09/2019 16:45

RNS Number : 0196O
ConvaTec Group PLC
27 September 2019
 


 
         ConvaTec Group Plc
 
Scrip Dividend - total issued shares
 
 
Reading, United Kingdom (27 September 2019)
On 31 July 2019, the Board of Directors of ConvaTec Group Plc ("ConvaTec" or "the Company") declared an interim dividend of 1.717 cents per share (the "interim dividend"). This interim dividend is to be paid on 17 October 2019 to shareholders on the share register as at 6 September 2019 ("record date"). The dividend is payable in cash in sterling to holders of ordinary shares. On 1 August 2019, the Company announced that a scrip dividend would 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 scrip dividend was announced on 12 September 2019.
It is confirmed that 6,159,842 ordinary shares of 10 pence each will be allotted and issued on 17 October 2019 by the Company to those shareholders who elected to receive the scrip dividend alternative. The shares will rank pari passu with the existing issued ordinary shares of the Company. Application will be made to the Financial Conduct Authority for the shares to be admitted to the Official List and to the London Stock Exchange for the shares to be admitted to trading.
Dealings in the shares issued under the scrip dividend scheme is expected to commence on 17 October 2019.
 
Details of the scrip dividend scheme are available at www.convatecgroup.com/investors.
TIMETABLE
Key dates in respect of the scrip dividend scheme for the interim dividend are:




Ex-dividend Date


   5 September 2019




Record Date


6 September 2019




Scrip calculation price determined


5-11 September 2019 (inclusive)




Scrip calculation price available and announced


12 September 2019




Mandate delivery deadline for Shares held in uncertificated form


3.00 p.m. on 23 September 2019




Mandate delivery deadline for Shares held in certificated form


5.00 p.m. on 23 September 2019




  Announcement of the total amount of new shares to be issued


                      27 September 2019




  Dividend payment date


                           17 October 2019




  Dispatch of statement in accordance with section 7 of Scheme


                           17 October 2019




Rules and share certificates, CREST accounts credited/updated,
and first day of dealings in New Shares
                                                                                                                                               
Enquiries
 
Analysts, Investors and Media
 
John Crosse, VP Investor Relations, ConvaTec                             +44 (0)7500 141 435
Mark Reynolds, Director Investor Relations, ConvaTec                 +44 (0)7551 036 625
investorrelations@convatec.com
Alastair Elwen, Finsbury                                                                  +44 (0)207 251 3801
 
Legal Entity Identifier Code:   213800LS272L4FIDOH92
 
About ConvaTec
 
ConvaTec is a global medical products and technologies company focused on therapies for the management of chronic conditions, with leading market positions in advanced wound care, ostomy care, continence and critical care, and infusion devices. ConvaTec's products provide a range of clinical and economic benefits including infection prevention, protection of at-risk skin, improved patient outcomes and reduced total cost of care. To learn more about ConvaTec, please visit www.convatecgroup.com where a copy of this announcement can also be found.
 
 
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