Further re Scrip Dividend
April 07 2005 - 3:02AM
UK Regulatory
RNS Number:7331K
Conister Trust PLC
07 April 2005
Conister Trust PLC
Scrip Dividend
The Board of Conister Trust PLC announces that it will be offering a scrip
dividend alternative in lieu of the interim cash dividend of 0.75p per share
which was recently announced as being proposed in respect of the company's year
ended 31 December 2004. The reference price of 32.7p per share is based on the
average of the middle market quotations for the Company's shares for the five
business days commencing 30 March 2005 as derived from the Daily Official List.
The entitlement is therefore 1 new share for every 44 ordinary shares held on
the dividend record date of 1 April 2005. In accordance with the Company's
Articles of Association any balance remaining will be carried forward to the
next dividend payment date.
If all shareholders opt to receive ordinary shares in lieu of their dividends, a
maximum of 641,441 shares would be issued representing 2.27 per cent of the
current issued share capital.
Application will be made for up to 641,441 ordinary shares to be admitted to AIM
in respect of the scrip dividend alternative on 2 June 2005 and trading in these
shares is expected to commence on 2 June 2005.
A scrip dividend letter is being sent to all shareholders on 8 April 2005 and
copies are available from the Company Secretary, Conister Trust PLC, Conister
House, 16-18 Finch Road, Douglas, Isle of Man, IM1 2PT.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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