Additional Listing
10 Juli 2003 - 4:00PM
UK Regulatory
RNS Number:4112N
Incepta Group PLC
10 July 2003
Incepta Group plc ("Incepta" or "the Company")
Scrip dividend / Additional listing
Pursuant to the proposed final dividend of 0.2p per share announced on 7 May
2003 and approved by shareholders on 4 July 2003, the Company announces that it
has received valid elections for a scrip dividend alternative in respect of
2,146,474 new ordinary shares of 1p each in the capital of the Company ("New
Shares").
Application has been made to the UK Listing Authority and to the London Stock
Exchange for the New Shares to be admitted to the Official List and to trading
on the London Stock Exchange's market for listed securities ('Admission'). It
is expected that Admission will occur on 15 July 2003.
The New Shares will rank pari passu with the existing ordinary shares of 1p each
and holders of the New Shares will therefore be entitled to subscribe for new
Ordinary Shares at a price of 13p per share ("the Issue Price") on the basis of
1 new Ordinary Share ("Rights Share") for every 5 New Shares held on 23 July
2003 pursuant to the Rights Issue announced by Incepta on 2 July 2003 ("the
Rights Issue"). Therefore, in addition to the 135,976,103 new Ordinary Shares to
be issued pursuant to the Rights Issue, up to 429,295 Rights Shares ("the
Additional Rights Shares") may be issued pursuant to the issue of the New
Shares. The Additional Rights Shares will not be underwritten and will lapse
should they not be taken up by shareholders or sold in the market at the end of
the Rights Issue period at a premium to the Issue Price. Application for
Admission of the Additional Rights Shares will be made in due course.
10 July 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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