Final dividend: bonus issue of new shares

RNS Number : 8079U

Bloomsbury Publishing PLC

31 July 2020

 

31 July 2020

Bloomsbury Publishing Plc (the "Company")

Final dividend for year ended 29 February 2020: bonus issue of new shares

The payment of the intended final dividend of 6.89 pence for the year ended 29 February 2020 by way of bonus issue (the "Bonus Issue") was overwhelmingly approved by shareholders at the Company's AGM on 21 July 2020.

Further to the AGM Notice of 20 May 2020 (the "AGM Notice"), the Bonus Issue shares will be issued to shareholders who appear on the Company's register of members as at 11:59pm today (31 July 2020) (the "Record Time") and Bonus Issue entitlements will be calculated using the following formula:

a)  the number of ordinary shares of 1.25 pence in the Company ("Ordinary Shares") held at the Record Time multiplied by 6.89 pence; divided by

b)  the average of the middle market quotations of the Company's Ordinary Shares on the Daily Official List of the London Stock Exchange for the five consecutive dealing days commencing from and including 24 July 2020 (the "Reference Share Price").

The Company today announces that the Reference Share Price for the Bonus Issue is 216.80 pence.

The Bonus Issue shares will be issued and admitted to trading on 28 August 2020. Further to the AGM Notice, no fraction of a Bonus Issue share will be issued.

For further information, please contact:

Maya Abu-Deeb
Group General Counsel & Company Secretary
Bloomsbury Publishing Plc

Telephone:   [phone]
Email:   [e-mail]

 

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