Scrip dividend election & directors' shareholdings

RNS Number : 9866F

Wynnstay Group PLC

30 April 2014

 



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 final dividend for the year ended 31 October 2013 paid on 30 April 2014 were received from the holders of 4,162,506 ordinary shares of 25p each in the Company ("Ordinary Shares"), in aggregate, representing approximately 21.9% of the Ordinary Shares in issue on 28 March 2014, being the record date for the final dividend. Accordingly, 40,423 new Ordinary Shares have been issued in satisfaction of such elections at an equivalent price of £6.374 each, increasing the enlarged issued Ordinary Share capital of the Company to 19,042,672 Ordinary Shares. The additional cost to the Company of the dividend paid in cash amounts to approximately £919,712 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	184	19,149	0.10%
Lord Carlile	320	33,229	0.17%

Application has been made for the new Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 7 May 2014.

For further details please contact:

Wynnstay Group plc	Ken Greetham, Chief Executive Paul Roberts, Finance Director	T: 01691 828512
KTZ Communication	Katie Tzouliadis / Deborah Walter	T: 020 3178 6378
Shore Capital (Nomad)	Stephane Auton / Patrick Castle	T: 020 7408 4090

 

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