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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ite Group Plc | LSE:ITE | London | Ordinary Share | GB0002520509 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 82.50 | 82.30 | 82.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMITE
RNS Number : 6350B
ITE Group PLC
11 January 2018
11 January 2018
ITE Group plc ("Company")
Announcement Of SCRIP Reference Price
At the Company's Annual General Meeting held on 28 January 2016, shareholders granted the Company authority to introduce a SCRIP Dividend Scheme (the "Scheme"). The Scheme provides shareholders with the opportunity to elect to receive ordinary shares in the capital of the Company for every cash dividend entitlement where the Scheme is offered.
As announced on 28 November 2017, the board of directors of the Company approved a final dividend for the year ended 30 September 2017 of 2.5 pence per ordinary share payable on 5 February 2018 ("Final Dividend").
In relation to the Final Dividend, the Company invites shareholders, on the register on 5 January 2018, to participate in the Scheme and is offering those shareholders the opportunity to receive ordinary shares of 1 pence each in the Company, ranking equally with the existing issued ordinary shares, in place of cash dividends for the Final Dividend ("SCRIP Dividend Alternative").
The SCRIP reference share price for the fully paid ordinary shares to be issued to shareholders electing to receive the SCRIP Dividend Alternative is 175.5 pence per ordinary share. The SCRIP reference share price is calculated as the average of the closing middle market quotation for the Company's ordinary shares, derived from the London Stock Exchange Daily Official List, for the five consecutive dealing days from 4 January 2018 to 10 January 2018 (inclusive).
It is optional to join the Scheme and the Scheme's terms and conditions, how to join the Scheme and further information are available at www.ite-exhibitions.com/scrip
The deadline for applications to elect to receive the SCRIP Dividend Alternative for this Final Dividend is 4:30pm (UK time) on 15 January 2018. Shareholders may join the Scheme after this date, but it will only apply to future relevant dividends.
The SCRIP Dividend Alternative timetable for the Final Dividend is as follows:
Final dividend amount declared 28 November - 2.5p per ordinary share 2017 ---------------------------------------- --------------- Ex-dividend date 4 January 2018 ---------------------------------------- --------------- Record date 5 January 2018 ---------------------------------------- --------------- SCRIP reference share price calculation 4 January to period 10 January 2018 ---------------------------------------- --------------- SCRIP reference share price announced 11 January 2018 ---------------------------------------- --------------- SCRIP dividend election deadline 15 January for this Final Dividend 2018 ---------------------------------------- --------------- Dividend payment date 5 February 2018 ---------------------------------------- ---------------
Further queries about the Scheme should be directed to the ITE Group plc Shareholder helpline on 0371 384 2030 (UK) or +44 121 415 7047 (outside the UK).
Contact:
Anneka Kingan, Group Company Secretary
Anneka.kingan@ite-exhibitions.com
+44 (0) 20 7596 5139
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBBMBTMBABBPP
(END) Dow Jones Newswires
January 11, 2018 06:59 ET (11:59 GMT)
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