16th Oct 2008 09:36
Huntsworth plc ("the Company") Interim Dividend for 2008 Scrip Dividend Alternative
On 21 August 2008 the Directors of the Company announced an interim dividend for the year ended 31 December 2008 of 0.7 pence per ordinary share of 50 pence each payable on 7 November 2008 to shareholders on the Register on 3 October 2008.
The reference price of a new ordinary share under the scrip dividend alternative for this interim dividend is set according to the average of the middle market quotations for the Company's shares (as derived from the London Stock Exchange Daily Official List) for the five successive business days commencing with the ex-dividend date of 1 October 2008.
This means that the price at which new shares would be issued pursuant to the scrip dividend alternative would be less than the nominal value of the Company's shares. Because it is contrary to company law for the Company to issue shares at less than their nominal value, the Board has decided to suspend the scrip dividend alternative in respect of the 2008 interim dividend.
Shareholders will therefore receive their full entitlement in cash and, where appropriate, existing dividend mandate instructions will apply.
Scrip dividend elections will remain in place for future dividends (unless the Board subsequently decides otherwise).
For further enquiries, contact:Tymon Broadhead: Company Secretary Telephone: 020 7224 8778 Address: 15-17 Huntsworth Mews, London, NW1 6DD
16 October 2008
Related Shares:
HNT.L