TIDMCTEC

RNS Number : 6487Y

ConvaTec Group PLC

10 September 2020

Scrip Dividend - calculation price

Reading, United Kingdom (10 September 2020)

On 5 August 2020, 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 15 October 2020 to shareholders on the share register as at 4 September 2020 ("Record Date"). The Interim Dividend is payable in cash, in sterling to holders of ordinary shares, the chosen exchange rate for this payment is $1.315/GBP1.00, determined on 5 August 2020, giving a total sterling dividend of GBP26,126,601.46. 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:

186.28 pence for each new ordinary share.

This is equivalent to 1 new share for approximately 142.63 shares held prior to the ex-dividend date of 3 September 2020.

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 3 September to 9 September 2020 (inclusive).

The latest date for receipt of elections to participate in the scrip dividend scheme for the Interim Dividend is 22 September 2020. Shareholders must return their mandate form by 5pm (BST) or otherwise input their CREST elections to be received by the Company's registrar, Computershare, by 3pm (BST) on 22 September 2020. 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.

   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                                                          3 September 2020 
 Record Date                                                               4 September 2020 
 Scrip calculation price determined                          3-9 September 2020 (inclusive) 
 Scrip calculation price available and                              10 September 2020 
  announced 
 Mandate delivery deadline for Shares held                        3.00 p.m. on 22 September 
  in uncertificated form                                                               2020 
 Mandate delivery deadline for Shares held                        5.00 p.m. on 22 September 
  in certificated form                                                                 2020 
  Announcement of the total amount of new                         29 September 2020 
   shares to be issued 
  Dividend payment date                                                     15 October 2020 
  Dispatch of statement in accordance with                                  15 October 2020 
   section 7 of Scheme

Rules and share certificates, CREST accounts credited/updated,

and first day of dealings in New Shares

Enquiries

Analysts and Investors

   Mark Reynolds, Director Investor Relations, ConvaTec           +44 (0)7551 036 625

ir@convatec.com

Media

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

ConvaTec Group Plc's LEI code is 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 care. 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.

# # #

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DIVKKKBBDBKDCCD

(END) Dow Jones Newswires

September 10, 2020 08:00 ET (12:00 GMT)

Convatec (LSE:CTEC)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Convatec.
Convatec (LSE:CTEC)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Convatec.