Scrip Dividend - Total Issued Shares
Updated : 14:05
ConvaTec Group Plc
Scrip Dividend - Total Issued Shares
Reading, United Kingdom (29 September 2020)
The Board of Directors of ConvaTec Group Plc ("ConvaTec" or "the Company") proposed an interim dividend in respect of 2020 of 1.717 cents per share ("Interim Dividend"). The Interim Dividend is to be paid on 15 October 2020 to shareholders on the share register as at 4 September 2020 ("Record Date"). The dividend is payable in cash in sterling to holders of ordinary shares. On 5 August 2020, the Company announced that a scrip dividend would be made available for the 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 10 September 2020.
It is confirmed that 3,841,666 new ordinary shares of 10 pence each will be allotted and issued on 15 October 2020 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.
Following the issue of shares under the scrip dividend scheme in respect of the Interim Dividend, the Company's issued share capital will be 2,004,347,138 ordinary shares of 10 pence each.
Dealings in the shares issued under the scrip dividend scheme is expected to commence on 15 October 2020.
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 announced | 10 September 2020 |
Mandate delivery deadline for Shares held in uncertificated form | 3.00 p.m. on 22 September 2020 |
Mandate delivery deadline for Shares held in certificated form | 5.00 p.m. on 22 September 2020 |
Announcement of the total amount of new shares to be issued | 29 September 2020 |
Dividend payment date | 15 October 2020 |
Dispatch of statement in accordance with section 7 of Scheme | 15 October 2020 |
Rules and share certificates, CREST accounts credited/updated,
and first day of dealings in New Shares
Enquiries
Analysts and Investors
Kate Postans, VP, Investor Relations & +44 (0)7826 447807
Corporate Communications, ConvaTec
Media
Buchanan: Charles Ryland / Chris Lane +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.
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