Scrip dividend election & directors' shareholdings

RNS Number : 6425R

Wynnstay Group PLC

01 November 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 interim dividend for the year ended 31 October 2013 paid on 31 October 2013 were received from the holders of 3,336,619 ordinary shares of 25p each in the Company ("Ordinary Shares"), in aggregate, representing approximately 19.9% of the Ordinary Shares in issue on 27 September 2013, being the record date for the final dividend. Accordingly, 17,861 new Ordinary Shares have been issued in satisfaction of such elections at an equivalent price of £5.749 each, increasing the enlarged issued Ordinary Share capital of the Company to 18,850,167 Ordinary Shares. The additional cost to the Company of the dividend paid in cash amounts to approximately £417,132 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	70	18,965	0.10%
Mr J.C. Kendrick	55	10,375	0.06%
Lord Carlile	176	32,909	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 November 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 (Nomad and Broker)	Stephane Auton / Patrick Castle	T: 020 7408 4090

 

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