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  2. Share Prices
  3. Vistry Grp Share Price
  4. Vistry Grp Share News
  5. Vistry Outlines Bonus Issue In Place Of Second Interim Payout

Pin to quick picksVistry Grp Share News (VTY)

Vistry Grp Information

Share Price Information for Vistry Grp (VTY)

London Stock Exchange
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Share Price: 1,295.00
Bid: 1,292.00
Ask: 1,296.00
Change: 20.00 (1.57%)
Spread: 4.00 (0.31%)
Open: 1,288.00
High: 1,303.00
Low: 1,279.00
Prev. Close: 1,275.00
VTY Live PriceLast checked at -

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Vistry Outlines Bonus Issue In Place Of Second Interim Payout

Thu, 18th Jun 2020 10:12

(Alliance News) - Housebuilder Vistry Group PLC on Thursday confirmed plans for what it labels a bonus issue, a shareholder payout which will be made in place of its conventional second interim dividend.

The company in March postponed the planned 41.0 pence payout, in light of Covid-19, saving it GBP60 million.

Instead, and in recognition of the "value of dividends to shareholders", Vistry in May said it will pay the second interim dividend as a bonus share issue.

It would issue about 4.4 million shares at a value of GBP13.73, GBP60 million in total.

The payout needs shareholder approval, which Vistry hopes to obtain at a general meeting on July 14.

Vistry shares were 0.9% lower at 765.00p each in London on Thursday morning.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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