Last checked at 12 Aug 2011 07:01
Bisichi Mining plc
12 August 2011
Bisichi Mining plc - Scrip Dividend Alternative in respect of final dividend for 2010
Bisichi Mining plc (the "Company") announces that application has been made to the UK Listing Authority and The London Stock Exchange for 105,333 ordinary shares of 10 pence each (the "Scrip Shares") to trade on the London Stock Exchange and to be admitted to the Official List maintained by the UK Listing Authority. The Scrip Shares will rank pari passu with the existing ordinary shares.
The Scrip Shares are to be issued following election by shareholders of the Company to receive a scrip alternative to the cash dividend in respect of the 2010 final dividend of 3 pence per share. The scrip reference price was set at 170 pence, being the average middle market closing price of the Company's ordinary shares for the five consecutive dealing days commencing on the ex-dividend date of 29 June 2011.
Dealings in the Scrip Shares are expected to commence on 15 August 2011. Following admission of the Scrip Shares, the Company will have 10,556,839 ordinary shares in issue.
Contact:
H A Curtis - Company Secretary
30-35 Pall Mall, London, SW1Y 5LP
020 7415 5030
XLON