STV Group PLC Bonus Issue Shares (2028I)
December 10 2020 - 2:54AM
UK Regulatory
TIDMSTVG
RNS Number : 2028I
STV Group PLC
10 December 2020
STV Group plc (the "Company")
LEI Number: 21380075GOOTTBDNDJ58
Bonus issue of new shares
10 December 2020
Shareholders unanimously approved the payment of the interim
dividend of 3.0pence by way of bonus issue (the "Bonus Issue") at
the General Meeting held on 3 December 2020.
The Bonus Shares will be issued to Shareholders who appear on
the Company's register of members as at 6pm on 11 December 2020
(the "Bonus Issue Record Time") and t he number of Bonus Shares (if
any) to which each Shareholder on STV's register of members as at
the Bonus Issue Record Time is entitled, is calculated using the
following formula:
a) the number of Ordinary shares held at the Bonus Issue Record
Time multiplied by 3.0 pence; divided by
b) the average of the mid-market closing price (in pence) of an
STV share on the Daily Official List of the London Stock Exchange
for the five consecutive dealing days commencing from and including
3 December 2020 (the "Reference Share Price").
The Company today announces that the Reference Share Price for
the Bonus Issue is 289.2 pence.
No fraction of a Bonus Share will be issued and any fractional
entitlements will be aggregated and the Company will procure that
the maximum whole number of Bonus Shares resulting there from will
be allotted and sold in the market and the net proceeds of sale
will be donated by the Company to the STV Children's Appeal
charity.
Under the expected timetable of events, it is intended that the
Bonus Shares be issued and admitted to trading on 18 December
2020.
Jane E A Tames
Company Secretary
10 December 2020
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