Doc re. B share conversion
SMITHS GROUP PLC
23 October 2008
Smiths Group plc - B Share Conversion and B Share Dividend
Smiths Group announces that it proposes to convert the outstanding 459,157 issued B Shares into ordinary shares on 3 November 2008, such conversion to take place in accordance with the rights and restrictions attached to the B Shares as set out in the Company's articles of association. A further announcement will be made on or shortly after 3 November 2008 confirming the terms of the conversion, which will be made on the basis of one ordinary share for every (M/365) B Shares (where M represents the average of the closing mid-market quotations in pence of an ordinary share on the London Stock Exchange, as derived from the Daily Official List for the five business days immediately preceding the B Share conversion date). A letter relating to the conversion of their B Shares into ordinary shares has been sent to the holders of the outstanding issued B Shares.
Smiths Group also announces that a final dividend will be paid on its outstanding B Shares in respect of the period from and including 16 April 2008 to but excluding 3 November 2008. The amount of the dividend shall be 8.75 pence per B Share (such dividend being calculated in accordance with the Company's articles of association). The record date for the dividend will be 31 October 2008.
Enquiries:
Peter Durman
Smiths Group plc tel: 020 8458 3232
This information is provided by RNS
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