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21 May 2020 14:00
21 May 2020
XPEDIATOR PLC
("Xpediator" or the "Group")
Timetable and Amount for Scrip Dividend
Xpediator (AIM: XPD), a leading provider of freight management services across the UK and Central and Eastern Europe, has today confirmed the amount and timetable for payment of the scrip dividend announced on 20 April 2020.
The Group will pay a full year scrip dividend of 1.05 pence per ordinary share in respect of the year ended 31 December 2019 (the "Scrip Dividend"), which is subject to approval by shareholders at the Annual General Meeting on 26 May 2020. Shareholders will receive their dividends in the form of Xpediator new ordinary shares and the entitlements will be rounded down in accordance with the Scrip Dividend terms and conditions. There is no requirement for shareholders to make an election to receive the Scrip Dividend as there is no option to elect for a cash dividend.
The Scrip Dividend reference price will be 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 from the first day the ordinary shares are quoted as trading ex-dividend, being the record date of 12 June 2020.
A timetable for the key dates is set out below:
11 June 2020 | Ex-dividend date |
12 June 2020 | Record date |
19 June 2020 | Scrip reference price announced |
30 June 2020 | New ordinary shares admitted to trading on AIMScrip Dividend pay dateCREST accounts creditedDespatch of Scrip certificates and statements |
These dates replace any dates previously advised.
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Xpediator plc | Tel: +44 (0)330 043 2395 |
Stephen Blyth, Chief Executive Officer | Email: info@xpediator.com |
Cenkos Securities plc (Nominated Adviser & Joint Broker) | Tel: +44 (0)20 7397 8900 |
Max Hartley, Max Gould (Corporate Finance) | |
Nick Searle (Sales)
| |
Cantor Fitzgerald Europe (Joint Broker) | Tel: +44 (0)20 7894 7000 |
David Foreman, Michael Boot (Corporate Finance) | |
Caspar Shand Kydd, Arthur Gordon (Sales) | |
Novella Communications (Financial Public Relations) | Tel: +44 (0)20 3151 7008 |
Tim Robertson | |
Fergus Young |
About Xpediator:
Xpediator is a well-established international provider of freight management services. Established in 1988 by Stephen Blyth, the Group's international network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through its three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 38 sites, the Group currently employs over 1,000 people and was successfully listed on London's AIM market in August 2017.
Import Services is the leading port centric logistics company in the UK, operating from Southampton, linking intelligent networks of supply chain services, with global real time information, to meet the new world of retailing. For more information visit https://importservices.co.uk
For more information, please visit: www.xpediator.com.
Alternatively, do follow us on Twitter at @Xpediator or find us on LinkedIn at Xpediator Plc.
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