Last checked at 10 Sep 2020 13:00
Scrip Dividend - calculation price
Reading, United Kingdom (10 September 2020)
On 5 August 2020, the Board of Directors of ConvaTec Group Plc ("ConvaTec" or "the Company") declared an interim dividend of 1.717 cents per share ("Interim Dividend"). This Interim Dividend is to be paid on 15 October 2020 to shareholders on the share register as at 4 September 2020 ("Record Date"). The Interim Dividend is payable in cash, in sterling to holders of ordinary shares, the chosen exchange rate for this payment is $1.315/£1.00, determined on 5 August 2020, giving a total sterling dividend of £26,126,601.46. A scrip dividend will be made available for this Interim 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:
186.28 pence for each new ordinary share.
This is equivalent to 1 new share for approximately 142.63 shares held prior to the ex-dividend date of 3 September 2020.
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 3 September to 9 September 2020 (inclusive).
The latest date for receipt of elections to participate in the scrip dividend scheme for the Interim Dividend is 22 September 2020. 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 22 September 2020. 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 Interim Dividend are:
Ex-dividend Date | 3 September 2020 |
Record Date | 4 September 2020 |
Scrip calculation price determined | 3-9 September 2020 (inclusive) |
Scrip calculation price available and announced | 10 September 2020 |
Mandate delivery deadline for Shares held in uncertificated form | 3.00 p.m. on 22 September 2020 |
Mandate delivery deadline for Shares held in certificated form | 5.00 p.m. on 22 September 2020 |
Announcement of the total amount of new shares to be issued | 29 September 2020 |
Dividend payment date | 15 October 2020 |
Dispatch of statement in accordance with section 7 of Scheme | 15 October 2020 |
Rules and share certificates, CREST accounts credited/updated,
and first day of dealings in New Shares
Enquiries
Analysts and Investors
Mark Reynolds, Director Investor Relations, ConvaTec +44 (0)7551 036 625
ir@convatec.com
Media
Buchanan: Charles Ryland / Chris Lane / Vicky Hayns +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. ConvaTec's 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 where a copy of this announcement can also be found.
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