28 Apr 2011 09:50
Wynnstay Group plc
(the "Company")
Scrip dividend election and Directors' shareholdings
The Company announces the following information in relation to the ordinary share capital of the Company:
Elections to accept the scrip dividend alternative with regard to the final dividend for the year ended 31st October 2010 paid on 28th April 2011 were received from the holders of 5,405,103 ordinary shares of 25p each in the Company ("Ordinary Shares"), in aggregate, representing approximately 32.7% of the Ordinary Shares in issue on 1st April 2011, being the record date for the final dividend. Accordingly, 72,717 new Ordinary Shares have been issued in satisfaction of such elections at an equivalent price of £3.487 each, increasing the enlarged issued Ordinary Share capital of the Company to 16,580,817 Ordinary Shares. The cost to the Company of the dividend paid in cash amounts to approximately £521,832 in total.
In the issue, the following directors received new Ordinary Shares in lieu of cash dividends:
Name | No. of new Ordinary Shares | New shareholding | % of enlarged Ordinary Share capital |
Mr D.A.T. Evans | 165 | 12,455 | 0.08% |
Mr J.E. Davies | 536 | 40,351 | 0.24% |
Mr K.R. Greetham | 263 | 34,931 | 0.21% |
Mr J.C. Kendrick | 132 | 9,905 | 0.06% |
Mr E.G. Owen | 331 | 24,861 | 0.15% |
Lord Carlile | 418 | 31,417 | 0.19% |
Application has been made for the new Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 6th May 2011.
For further details please contact:
Mr Paul Roberts, Wynnstay Group plc Tel: 01691 828512
Mr Robin Gwyn, WH Ireland Limited Tel: 0161 832 2174
Wynnstay (WYN)