Mediq announces exchange ratio for dividend
Mediq, international supplier of medical devices and pharmaceuticals, has set the exchange ratio for the optional stock dividend for 2010.
Further to the announcement of 15 April 2011 on the payment of Mediq’s final dividend for the 2010 financial year, the number of dividend rights providing an entitlement to one ordinary share of Mediq (the exchange ratio) has been set at 46.5.
This is based on a share price of € 14.4857; the average price, weighted by volume, of all Mediq shares traded on Euronext Amsterdam by NYSE Euronext during the period from 2 May 2011 up to and including 4 May 2011. This represents 1/46.5 Mediq share and a value of € 0.3115, and is therefore almost exactly equivalent to the cash dividend of € 0.31 per ordinary share of Mediq.
The payment of the cash dividend or transfer of shares will take place as from 9 May 2011.
This is based on a share price of € 14.4857; the average price, weighted by volume, of all Mediq shares traded on Euronext Amsterdam by NYSE Euronext during the period from 2 May 2011 up to and including 4 May 2011. This represents 1/46.5 Mediq share and a value of € 0.3115, and is therefore almost exactly equivalent to the cash dividend of € 0.31 per ordinary share of Mediq.
The payment of the cash dividend or transfer of shares will take place as from 9 May 2011.