30 Apr 2012 09:47
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 2011 paid on 30th April 2012 were received from the holders of 4,733,257 ordinary shares of 25p each in the Company ("Ordinary Shares"), in aggregate, representing approximately 28.5% of the Ordinary Shares in issue on 30th March 2012, being the record date for the final dividend. Accordingly, 66,190 new Ordinary Shares have been issued in satisfaction of such elections at an equivalent price of £3.715 each, increasing the enlarged issued Ordinary Share capital of the Company to 16,707,435 Ordinary Shares. The additional cost to the Company of the dividend paid in cash amounts to approximately £618,795 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 | 176 | 12,726 | 0.08% |
Mr J.E. Davies | 569 | 41,227 | 0.25% |
Mr K.R. Greetham | 300 | 33,893 | 0.20% |
Mr J.C. Kendrick | 140 | 10,120 | 0.06% |
Mr E.G. Owen | 350 | 25,400 | 0.15% |
Lord Carlile | 443 | 32,099 | 0.19% |
Application has been made for the new Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 4th May 2012.
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)