Scrip dividend election & Directors' shareholdings

RNS Number : 1435D

Wynnstay Group PLC

30 April 2013

 



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 2012 paid on 30 April 2013 were received from the holders of 4,085,707 ordinary shares of 25p each in the Company ("Ordinary Shares"), in aggregate, representing approximately 24.4% of the Ordinary Shares in issue on 02 April 2013, being the record date for the final dividend. Accordingly, 50,627 new Ordinary Shares have been issued in satisfaction of such elections at an equivalent price of £4.55 each, increasing the enlarged issued Ordinary Share capital of the Company to 16,792,658 Ordinary Shares. The additional cost to the Company of the dividend paid in cash amounts to approximately £715,090 in total.

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

Name	No. of new Ordinary Shares received	New shareholding of Ordinary Shares	% of enlarged Ordinary Share capital
Mr D.A.T. Evans	159	12,977	0.08%
Mr J.C. Kendrick	127	10,320	0.06%
Mr E.G. Owen	317	25,902	0.15%
Lord Carlile	402	32,733	0.19%

Application has been made for the new Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 7 May 2013.

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
Shore Capital (Nominated Adviser & Joint Broker)	Stephane Auton / Patrick Castle	T: 0207 408 4090

 

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