ConvaTec Group PLC Scrip Dividend -- Calculation Price
08 April 2022 - 12:45AM
UK Regulatory (RNS & others)
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
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
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
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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April 07, 2022 10:45 ET (14:45 GMT)
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