Scrip dividend election & Directors' Shareholdings

RNS Number : 1473Q

Wynnstay Group PLC

01 November 2012

 



AIM: WYN

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 interim dividend for the year ended 31 October 2012 paid on 31 October 2012 were received from the holders of 3,402,601 ordinary shares of 25p each in the Company ("Ordinary Shares"), in aggregate, representing approximately 20.3% of the Ordinary Shares in issue on 28 September 2012, being the record date for the final dividend. Accordingly, 24,596 new Ordinary Shares have been issued in satisfaction of such elections at an equivalent price of £3.935 each, increasing the enlarged issued Ordinary Share capital of the Company to 16,742,031 Ordinary Shares. The additional cost to the Company of the dividend paid in cash amounts to approximately £379,470 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	92	12,818	0.08%
Mr J.E. Davies	299	41,526	0.25%
Mr K.R. Greetham	158	34,051	0.20%
Mr J.C. Kendrick	73	10,193	0.06%
Mr E.G. Owen	185	25,585	0.15%
Lord Carlile	232	32,331	0.19%

Application has been made for the new Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 8 November 2012.

For further details please contact:

Wynnstay Group plc	Ken Greetham, Chief Executive Paul Roberts, Finance Director	T: 01691 828512
Biddicks	Katie Tzouliadis / Alexandra Shilov	T: 020 3178 6378
WH Ireland Limited (Nominated Adviser & Joint Broker)	Daniel Bate	T: 0161 832 2174
Shore Capital (Joint Broker)	Stephane Auton / Edward Mansfield	T: 020 7408 4090

 

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