Issue of Equity

RNS Number : 5492F

Morgan Advanced Materials PLC

24 May 2013

 



Morgan Advanced Materials plc

24 May 2013

Issue of shares under Scrip Dividend Scheme

Morgan Advanced Materials plc (the 'Company') announces that valid elections to take up the scrip dividend for the 2012 final dividend were received in respect of 144,081,864 ordinary shares representing 51.24 per cent of the Company's issued share capital.

The Board has resolved to allot 3,726,004 ordinary shares of 25 pence each to satisfy scrip dividend elections.  Applications will be made for admission of those shares to the Official List of the UKLA and to trading on the London Stock Exchange.  It is expected that dealings will commence on 31 May 2013.  The new ordinary shares will rank pari passu with the existing ordinary shares in the Company.  Immediately following admission the number of ordinary shares in issue will be 284,892,907.

Enquiries: Jill Elliot 01753 837 000

 

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