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John Laing Group plc  -  JLG   

Adjustments to proposed final dividend

Released 09:47 14-Mar-2018

RNS Number : 6936H
John Laing Group plc
14 March 2018
 

One for three Rights Issue announced on 8 March 2018 - adjustments to proposed final dividend

John Laing Group plc, the international originator, active investor and manager of infrastructure projects, confirms that the new ordinary shares of 10p each to be issued by the Group pursuant to the Rights Issue announced on 8 March 2018 (the Rights Issue Shares) will be eligible for both the proposed final base dividend and special dividend for the year ended 31 December 2017.

As set out in the Rights Issue prospectus, the final base dividend of £14.0 million will be increased to include the Rights Issue Shares, while the special dividend of £17.9 million will be paid over the enlarged ordinary share capital. The table below shows the dividends in pence per share as adjusted for the Rights Issue:

 

Proposed final dividend for 2017

Before adjustment for Rights Issue

(pence/share)

After adjustment for Rights Issue

(pence/share)




Base dividend

3.82

3.51

Special dividend

4.88

3.66




Total final dividend


7.17

The record date for the total final dividend will be 20 April 2018, with payment due on 18 May 2018. Shareholders will have the opportunity to vote on the proposed total final dividend at the Company's annual general meeting on 10 May 2018.

The total number of shares in issue following the Rights Issue will be 489,280,178.

 

Further information

Analyst/investor enquiries:

Patrick O'D Bourke, Group Finance Director             +44 20 7901 3200

Stuart Colvin, Group Financial Controller                    +44 20 7901 3200

 

Joint Global Coordinators and Joint Corporate Brokers

Barclays Bank PLC

Neal West                                                                   +44 20 7623 2323

HSBC Bank plc

Richard Fagan                                                            +44 20 7991 8888

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Adjustments to proposed final dividend - RNS