Scrip Dividend Election & Directors' Shareholdings

RNS Number : 6290F

Wynnstay Group PLC

28 April 2011

 



Wynnstay Group plc

(the "Company")

Scrip dividend election and Directors' shareholdings

The Company announces the following information in relation to the ordinary share capital of the Company:

Elections to accept the scrip dividend alternative with regard to the final dividend for the year ended 31^st October 2010 paid on 28^th April 2011 were received from the holders of 5,405,103 ordinary shares of 25p each in the Company ("Ordinary Shares"), in aggregate, representing approximately 32.7% of the Ordinary Shares in issue on 1^st April 2011, being the record date for the final dividend. Accordingly, 72,717 new Ordinary Shares have been issued in satisfaction of such elections at an equivalent price of £3.487 each, increasing the enlarged issued Ordinary Share capital of the Company to 16,580,817 Ordinary Shares. The cost to the Company of the dividend paid in cash amounts to approximately £521,832 in total.

In the issue, the following directors received new Ordinary Shares in lieu of cash dividends:

Name	No. of new Ordinary Shares	New shareholding	% of enlarged Ordinary Share capital
Mr D.A.T. Evans	165	12,455	0.08%
Mr J.E. Davies	536	40,351	0.24%
Mr K.R. Greetham	263	34,931	0.21%
Mr J.C. Kendrick	132	9,905	0.06%
Mr E.G. Owen	331	24,861	0.15%
Lord Carlile	418	31,417	0.19%

Application has been made for the new Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 6^th May 2011.

For further details please contact:

Mr Paul Roberts, Wynnstay Group plc                          Tel: [phone]

Mr Robin Gwyn, WH Ireland Limited                           Tel: [phone]

 

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