Wynnstay Group PLC Scrip dividend election (3717W)

TIDMWYN

RNS Number : 3717W

Wynnstay Group PLC

29 April 2016

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 final dividend for the year ended 31 October 2015 paid on 29 April 2016 were received from the holders of 3,238,398 ordinary shares of 25p each in the Company ("Ordinary Shares"), in aggregate, representing approximately 16.7% of the Ordinary Shares in issue on 29 March 2016, being the record date for the final dividend. Accordingly, 52,120 new Ordinary Shares have been issued in satisfaction of such elections at an equivalent price of GBP4.606 each, increasing the enlarged issued Ordinary Share capital of the Company to 19,448,884 Ordinary Shares. The additional cost to the Company of the dividend paid in cash amounts to approximately GBP1,195,761 in total.

In the issue, the following directors received new Ordinary Shares in lieu of cash dividends:

 
 Name                No. of new   New shareholding   % of enlarged 
                      Ordinary                          Ordinary 
                       Shares                         Share capital 
------------------  -----------  -----------------  --------------- 
 
 Mr D.A.T. 
  Evans                 316            19,961            0.10% 
------------------  -----------  -----------------  --------------- 
 Mr K.R. Greetham       708            44,846            0.23% 
------------------  -----------  -----------------  ---------------

Application has been made for the new Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 6 May 2016.

Following the above transactions and for the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue as at the date of this notice is 19,448,884 with each share carrying the right to one vote. There are no shares held in treasury. Therefore, the total number of voting rights in the Company is 19,448,884.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

For further details please contact:

 
 Wynnstay Group      Ken Greetham, Chief      T: 01691 828512 
  plc                 Executive 
                      Paul Roberts, Finance 
                      Director 
 
 KTZ Communication   Katie Tzouliadis         T: 020 3178 6378 
 
 Shore Capital       Stephane Auton           T: 020 7408 4090 
  (Nomad)             / Patrick Castle

This information is provided by RNS

The company news service from the London Stock Exchange

END

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