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Pin to quick picksSynergia Energy Regulatory News (SYN)

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Scrip Dividend Reference Price

11 Aug 2016 07:00

RNS Number : 8651G
Plastics Capital PLC
11 August 2016
 

 

Plastics Capital plc

(the "Company" or the "Group")

 

 

Scrip Dividend Reference Price

 

Plastics Capital (AIM: PLA), the niche plastics products group, announces that the scrip dividend reference price for the ordinary shares to be issued to shareholders electing to receive the scrip dividend alternative for the Company's final dividend of 2.94p per share will be 106.5p per share.

The scrip reference price was calculated as the average of the Company's closing middle market price, as derived from the London Stock Exchange's Daily Official List, for the five consecutive business days commencing on the ex-dividend date, being 4 August 2016.

The timetable for the scrip-dividend alternative is as follows:

 

22 August 2016

 

 

Final date for receipt of scrip dividend election forms and CREST dividend election input messages

 

7 September 2016

 

Allotment of new shares to certificated and CREST shareholders, admission to trading on AIM

 

 

 

Plastics Capital plc

Tel: 020 7978 0574

Faisal Rahmatallah, Chairman

 

Nick Ball, Finance Director

 

 

 

Cenkos Securities

Tel: 020 7397 8900

(Nomad and joint broker)

Mark Connelly

Callum Davidson

 

 

 

Allenby Capital Limited

Tel: 020 3328 5656

(Joint broker)

David Hart

 

Katrina Perez

 

 

 

Walbrook PR Ltd

Tel: 020 7933 8780/plastics@walbrookpr.com

Paul Cornelius

Mob: 07866 384 707

Helen Cresswell

Mob: 07841 917 679

 

 

 

 

Notes to Editor

Plastics Capital is a niche manufacturer of specialist plastic products. Applications for these products vary widely and examples include:

· Packaging for the food manufacturing and distribution - films, sacks and pouches

· Steering columns and instrument control knobs in the automotive industry - plastic ball bearings

· Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel

· Cardboard box manufacture - plastic creasing matrices

 

Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

 

The business operates through two divisions, Films and Industrial, and has the majority of its production in five UK based factories, with a further three factories in Asia. Approximately 40% of its £55 million sales are made outside the UK to more than 80 countries.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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