Sign In
Last checked at 
7 Apr 2022 15:45
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/£1.00, determined on 7 March 2022, giving a total sterling dividend of £63,680,650. 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.
TIMETABLE
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 in uncertificated form | 3.00 p.m. on 27 April 2022 |
|
Mandate delivery deadline for Shares held in certificated form | 5.00 p.m. on 27 April 2022 |
|
Announcement of the total amount of new shares to be issued | 4 May 2022 |
|
Dividend payment date | 19 May 2022 |
|
Dispatch of statement in accordance with section 7 of Scheme | 19 May 2022 |
|
Rules and share certificates, CREST accounts credited/updated,
and first day of dealings in New Shares
Enquiries
Analysts and Investors
Kate Postans, VP Investor Relations
& Corporate Communications +44 (0)782 644 7807
ir@convatec.com
Media
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.
# # #
END
Follow the stocks
