17th Jul 2006 17:15
Numis Corporation PLC17 July 2006 FOR IMMEDIATE RELEASE Numis Corporation Plc ("Numis") Scrip Dividend Scheme ("the Scheme")Interim dividend for the year ending 30 September 2006 On 31 May 2006, the Board of Numis offered all shareholders an option to receivea scrip dividend alternative in respect of the interim dividend of 1.25p perordinary share for the year ending 30 September 2006 under the terms of theScheme. The reference share price or equivalent cash dividend foregone to obtaineach share was calculated to be 342.95p, the scrip dividend price. However, theoperation of the Scheme is conditional on the middle market quotation for anordinary share (as derived from the daily Official List of the London stockExchange) on the Return Date (21st June 2006 - being the last day to returnscrip election notices) exceeding a price that is 15% below this referenceprice. The closing price of Numis' shares on 21 June 2006, the final date forelections, was 289p, and accordingly the Scheme conditions were not fullysatisfied. The directors are required to revoke the offer of a scrip dividendand therefore all shareholders will now receive the dividend in cash on 31 July2006. The directors will continue to offer a scrip dividend alternative in the future,notwithstanding the revocation on this occasion. The Numis shares referred to above are Numis' ordinary shares of 5p each and thetotal number of shares in issue is 105,902,506. 17 July 2006 End Contacts:Numis Corporation Plc:Oliver Hemsley, Chief Executive 020 7776 1500Bill Trent, Chief Financial Officer Brunswick:Gill Ackers 020 7404 5959Lucie-Anne Brailsford 020 7396 3507 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NUM.L