Script Dividend Scheme

22 Jun 2005 16:00

Celtic PLC22 June 2005 CELTIC PLC SCRIP DIVIDEND SCHEME PROPOSALS Celtic plc confirms its intention to introduce a scrip dividend scheme to enableits shareholders to elect to receive ordinary shares of 1p each instead of cashdividends payable by the Company. A circular containing full details of the proposed scheme will be sent toshareholders shortly. The proposals, which are recommended by the Directors, are subject toshareholder approval. This will be sought at an Extraordinary General Meetingand separate Class Meetings to be held on 21 July 2005. The main elements of the proposals are: • Holders of convertible preferred ordinary shares and preference shares can elect to receive dividends payable on their shares in fully paid new ordinary shares, instead of cash. • Company able to offer scrip dividend alternative for any dividends declared on ordinary shares in the future. • Elections effective for all future dividends but can be cancelled at any time. • Fractions of new ordinary shares will not be issued but cash balances will be rolled forward to be included in future calculations. • Open to shareholders with registered addresses in the United Kingdom and Republic of Ireland. Ends Press and media enquiries to: Iain Jamieson, Celtic PR Department 0141 551 4235 This information is provided by RNS The company news service from the London Stock Exchange