30th Mar 2007 16:18
Proposed Special Dividend and Share Consolidation
Aga Foodservice Group plc ("The Group") announces that a circular is to be posted today to Shareholders setting out the details of the proposed Final Dividend, Special Dividend and the Share Consolidation and notice of the Annual General Meeting to be held at The Compton Suite, The National Motorcycle Museum, Coventry Road, Bickenhill, Solihull, B92 0EJ at 12 noon on 11th May 2007. The Group is also sending Shareholders a copy of its Annual Report and Accounts, which are published today.
The circular follows the announcement by the Group on 16 March 2007 of its intention to return cash to Shareholders by way of a Special Dividend of 43 pence per share. The Board also announced a proposed final dividend of 7 pence per share in respect of the year ended 31 December 2006. The Special Dividend will be accompanied by a Share Consolidation whereby 8 New Ordinary Shares will be issued in respect of every 9 Existing Ordinary Shares.
Expected timetable of principal events 2007
Existing Ordinary Shares marked ex-entitlement to the Final Dividend 8.00 a.m. on 25th April
-Record Date for entitlement to the Final Dividend 4.30 p.m. on 27th April -Latest time for receipt of forms of Proxy
12 noon on 9th May-Annual General Meeting 12 noon on 11th May
-Record Date for entitlement to the Special Dividend
and for the Share Consolidation 4.30 p.m. on 11th May
-Ordinary Shares marked ex-entitlement to the
Special Dividend 8.00 a.m. on 14th May-Commencement of dealings in New Ordinary Shares 8.00 a.m. on 14th May-CREST accounts credited with New Ordinary Shares 14th May
-Payment (where applicable) of fractional entitlements,
despatch of certificates for New Ordinary Share 21st May-Payment of Final Dividend and Special Dividend 1st June
All times stated in this announcement are London time. If any of the above times and/or dates change, the revised times and/or dates will be notified to Shareholders by announcement through a Regulatory Information Service.
Copies of the circular and Annual Report and Accounts have been submitted to the UK Listing Authority and are available for public inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:
Financial Services Authority, 25 The North Colonnade, London E14 5HS.
All definitions used in the circular to Shareholders dated 30th March 2007 have the same meaning when used in this announcement.
Enquiries:
Aga Foodservice Group plc +44 (0)121 711 6000Pam SissonsCompany Secretary
AGA FOODSERVICE GROUP PLCRelated Shares:
AGA.L