RNS Number : 6906H

ConvaTec Group PLC

07 April 2022

Scrip Dividend - calculation price

Reading, United Kingdom (7 April 2022)

On 7 March 2022, the Board of Directors of ConvaTec Group Plc ("ConvaTec" or "the Company") proposed a final dividend of 4.154 cents per share ("Final Dividend"), subject to approval at the forthcoming Annual General Meeting on 12 May 2022. This Final Dividend is to be paid on 19 May 2022 to shareholders on the share register as of 1 April 2022 ("Record Date"). The Final Dividend is payable in cash, in sterling to holders of ordinary shares. The chosen exchange rate for this payment is $1.314/GBP1.00, determined on 7 March 2022, giving a total sterling dividend of GBP63,680,650. A scrip dividend will be made available for this Final 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:

215.24 pence for each new ordinary share.

This is equivalent to 1 new share for approximately 68.09 shares held prior to the ex-dividend date of 31 March 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 31 March to 6 April 2022 (inclusive).

The latest date for receipt of elections to participate in the scrip dividend scheme for the Final Dividend is 27 April 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, by 3pm (BST) on 27 April 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 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 . 


Key dates in respect of the scrip dividend scheme for the Final Dividend are:

 Ex-dividend Date                                                        31 March 2022 
 Record Date                                                              1 April 2022 
 Scrip calculation price determined                31 March - 6 April 2022 (inclusive) 
 Scrip calculation price available and announced                 7 April 2022 
 Mandate delivery deadline for Shares held                  3.00 p.m. on 27 April 2022 
  in uncertificated form 
 Mandate delivery deadline for Shares held                  5.00 p.m. on 27 April 2022 
  in certificated form 
 Announcement of the total amount of new            4 May 2022 
  shares to be issued 
 Dividend payment date                                                   19 May 2022 
 Dispatch of statement in accordance with                                19 May 2022 
  section 7 of Scheme 

Rules and share certificates, CREST accounts credited/updated,

and first day of dealings in New Shares


Analysts and Investors

Kate Postans, VP Investor Relations

   & Corporate Communications                                                   +44 (0)782 644 7807 



   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. Our 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 .

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(END) Dow Jones Newswires

April 07, 2022 10:45 ET (14:45 GMT)

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