Updated timetable for ADS consolidation
Summary by AI BETAClose X
29 July 2026
Johnson Matthey Plc
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Johnson Matthey announces updates to the expected timetable for the effectiveness of the share consolidation for ADSs |
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On 27 July 2026, Johnson Matthey Plc ("JM") announced publication of a circular and notice of general meeting (the "Circular") relating to JM's proposed special dividend ("Special Dividend") and associated share consolidation ("Share Consolidation"). The 27 July announcement and the Circular each included an expected timetable for the general meeting, the Special Dividend and the Share Consolidation, including the marking of American Depositary Shares ("ADSs") as "ex-Special Dividend" and the effectiveness of the Share Consolidation for ADSs.
JM notes the recent publication by the US Financial Industry Regulatory Authority of an updated timetable for the marking of ADSs as "ex-Special Dividend" and the effectiveness of the Share Consolidation for ADSs. Accordingly, the updated expected timetable of events is set out below.
Events with updated dates are underlined. All other expected dates and times remain unchanged.
Updated expected timetable
The updated expected timetable for the general meeting, the Special Dividend and the Share Consolidation is as follows (unless otherwise stated, references to time are to London time):
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EVENTS (2026) |
TIME AND/OR DATE |
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Publication and posting of the Circular, including the Notice of General Meeting |
7.00 a.m. on Monday 27 July |
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Latest time and date for receipt of proxy appointments via Proxymity, Forms of Proxy, |
9.00 a.m. on Friday 7 August |
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Record time and date for entitlement to vote |
6.30 p.m. on Friday 7 August |
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General Meeting |
9.00 a.m. on Tuesday 11 August |
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Events relating to Ordinary Shares |
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Latest time and date for dealings in |
4.30 p.m. on Friday 14 August |
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Record time and date for participation in the Dividend Reinvestment Plan for the Special Dividend and deadline for receipt of DRIP elections for the Special Dividend |
5.30 p.m. Friday 14 August |
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Record time and date for entitlement to the Special Dividend and to determine the Existing Ordinary Shares subject to the Share Consolidation (Existing Ordinary Shares register closed and Existing Ordinary Shares disabled in CREST) |
6.00 p.m. on Friday 14 August |
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Ordinary Shares (but not ADSs) marked |
8.00 a.m. on Monday 17 August |
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Effective time and date for the |
8.00 a.m. on Monday 17 August |
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Admission of the New Ordinary Shares |
8.00 a.m. on Monday 17 August |
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Dealings in the New Ordinary Shares commence (after the Share Consolidation) |
8.00 a.m. on Monday 17 August |
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CREST accounts credited with New Ordinary |
On or shortly after 8.00 a.m. on Monday 17 August |
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Payment of the Special Dividend to |
Friday 28 August |
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Payment in respect of Fractional Entitlements relating to the Share Consolidation of more than £5.00 |
Friday 28 August |
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Dispatch of share certificates in respect of certificated New Ordinary Shares |
Friday 28 August |
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DRIP purchase commences to acquire |
Friday 28 August |
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Events relating to ADSs |
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ADSs marked ex-Special Dividend |
Friday 14 August |
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Record date for entitlement to the Special Dividend for ADR holders |
Friday 14 August |
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ADS effective time and date for the Share Consolidation |
9.00 a.m. (New York time) on Monday 17 August |
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Commencement of dealings in new ADSs |
9.00 a.m. (New York time) on Monday 17 August |
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Credit of new ADSs to ADR holders |
On or shortly after 9.00 a.m. (New York time) on Monday 17 August |
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Payment of the Special Dividend to ADR holders |
Tuesday 8 September |
Capitalised terms used but not defined in this announcement have the meaning given to them in the Circular.
The times and dates set out in the timetable that fall after the date of this announcement are indicative only and based on the JM's current expectations and may be subject to change. Any changes will be notified to shareholders by way of an announcement to the London Stock Exchange.
If the general meeting is adjourned for any reason, the record date and time for voting at the adjourned meeting will be 48 hours (excluding non-Business Days) before the time set for the adjourned meeting.
ENDS
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Enquiries: |
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Investor Relations |
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Louise Curran |
Head of Investor Relations |
+44 20 7269 8235 |
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Media |
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Gill Corish |
Head of External Communications (Interim) |
+44 20 7269 8001 |
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Guy Bates |
Kekst CNC |
+44 7581 056 415 |
Johnson Matthey Plc is listed on the London Stock Exchange (JMAT)
Registered in England & Wales number: 00033774
Legal Entity Identifier number: 2138001AVBSD1HSC6Z10
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