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Scrip Dividend Reference Price

29 Dec 2016 10:15

RNS Number : 9511S
Plastics Capital PLC
29 December 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 interim dividend of 1.46p per share will be 121.6p 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 15 December 2016.

 

The final date for receipt of scrip dividend election forms and CREST dividend election input messages is 18 January 2017.

 

 

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 six 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.

 

 Further information can be found on www.plasticscapital.com

 

 

 

 

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