Scrip Dividend Alternative

RNS Number : 2281H

Bovis Homes Group PLC

31 October 2008

 



Bovis Homes Group PLC - Scrip Dividend Alternative 

Scrip Dividend 

As previously announced, the reference price of a new ordinary share under the scrip dividend alternative for the 2008 interim dividend was set at 406.85p and this was the average of the middle market quotations for the Company's shares as derived from the London Stock Exchange Daily Official List for the five successive business days commencing with the ex-dividend date of 24 September 2008. 

The scrip dividend circular sent to shareholders on 10 October 2008 states that should the middle market quotation for the Company's shares as derived from the London Stock Exchange Daily Official List be 345.82p or less by 31 October 2008, being 15% or more below the reference price, the Board intends to declare elections void in order to protect shareholders.  

The middle market quotation for the Company's shares on 31 October 2008 was 337.50p and the Board has, accordingly, declared all scrip dividend elections for the 2008 interim dividend void. All shareholders will therefore receive their full dividend entitlement in cash.

The scrip dividend circular is available on the Company's website at www.bovishomes.co.uk/plc/index.cfm?page_ID=81

 

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