John Laing Group plc Adjustments to proposed final dividend (6936H)
14 March 2018 - 8:47PM
UK Regulatory
TIDMJLG
RNS Number : 6936H
John Laing Group plc
14 March 2018
One for three Rights Issue announced on 8 March 2018 -
adjustments to proposed final dividend
John Laing Group plc, the international originator, active
investor and manager of infrastructure projects, confirms that the
new ordinary shares of 10p each to be issued by the Group pursuant
to the Rights Issue announced on 8 March 2018 (the Rights Issue
Shares) will be eligible for both the proposed final base dividend
and special dividend for the year ended 31 December 2017.
As set out in the Rights Issue prospectus, the final base
dividend of GBP14.0 million will be increased to include the Rights
Issue Shares, while the special dividend of GBP17.9 million will be
paid over the enlarged ordinary share capital. The table below
shows the dividends in pence per share as adjusted for the Rights
Issue:
Proposed final dividend Before adjustment After adjustment
for 2017 for Rights for Rights
Issue Issue
(pence/share) (pence/share)
------------------------- ------------------ -----------------
Base dividend 3.82 3.51
------------------------- ------------------ -----------------
Special dividend 4.88 3.66
------------------------- ------------------ -----------------
Total final dividend 7.17
------------------------- ------------------ -----------------
The record date for the total final dividend will be 20 April
2018, with payment due on 18 May 2018. Shareholders will have the
opportunity to vote on the proposed total final dividend at the
Company's annual general meeting on 10 May 2018.
The total number of shares in issue following the Rights Issue
will be 489,280,178.
Further information
Analyst/investor enquiries:
Patrick O'D Bourke, Group Finance Director +44 20 7901 3200
Stuart Colvin, Group Financial Controller +44 20 7901 3200
Joint Global Coordinators and Joint Corporate Brokers
Barclays Bank PLC
Neal West +44 20 7623 2323
HSBC Bank plc
Richard Fagan +44 20 7991 8888
This information is provided by RNS
The company news service from the London Stock Exchange
END
DIVGGUWCWUPRUBC
(END) Dow Jones Newswires
March 14, 2018 05:47 ET (09:47 GMT)
John Laing (LSE:JLG)
Historical Stock Chart
From Apr 2024 to May 2024
John Laing (LSE:JLG)
Historical Stock Chart
From May 2023 to May 2024