Scrip Dividend Reference Price

RNS Number : 8651G

Plastics Capital PLC

11 August 2016

 

Plastics Capital plc

(the "Company" or the "Group")

Scrip Dividend Reference Price

Plastics Capital (AIM: PLA), the niche plastics products group, announces that the scrip dividend reference price for the ordinary shares to be issued to shareholders electing to receive the scrip dividend alternative for the Company's final dividend of 2.94p per share will be 106.5p per share.

The scrip reference price was calculated as the average of the Company's closing middle market price, as derived from the London Stock Exchange's Daily Official List, for the five consecutive business days commencing on the ex-dividend date, being 4 August 2016.

The timetable for the scrip-dividend alternative is as follows:

22 August 2016	Final date for receipt of scrip dividend election forms and CREST dividend election input messages
7 September 2016	Allotment of new shares to certificated and CREST shareholders, admission to trading on AIM

Plastics Capital plc	Tel: [phone]
Faisal Rahmatallah, Chairman
Nick Ball, Finance Director
Cenkos Securities	Tel: [phone]
(Nomad and joint broker) Mark Connelly Callum Davidson
Allenby Capital Limited	Tel: [phone]
(Joint broker) David Hart
Katrina Perez
Walbrook PR Ltd	Tel: [phone]/[e-mail]
Paul Cornelius	Mob: [phone]
Helen Cresswell	Mob: [phone]

Notes to Editor

Plastics Capital is a niche manufacturer of specialist plastic products.  Applications for these products vary widely and examples include:

·     Packaging for the food manufacturing and distribution - films, sacks and pouches

·     Steering columns and instrument control knobs in the automotive industry -  plastic ball bearings

·     Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel

·     Cardboard box manufacture - plastic creasing matrices

Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

The business operates through two divisions, Films and Industrial, and has the majority of its production in five UK based factories, with a further three factories in Asia.  Approximately 40% of its £55 million sales are made outside the UK to more than 80 countries.

 

END

 

 

MSCPMMFTMBJBBFF