Operation of scrip dividend scheme

RNS Number : 6688J

Good Energy Group PLC

13 September 2016

 

13 September 2016

Good Energy Group PLC

("Good Energy" or "the Company")

Operation of scrip dividend scheme

The Board of Good Energy Group PLC, which supplies and generates 100% renewable electricity and carbon neutral gas to UK homes and businesses, is pleased to announce an interim dividend of 1p per ordinary share for the period to 30 June 2016, as set out in the Company's interim results released this morning. The dividend is payable on 19 October 2016 to shareholders whose names are on the register at close of business on 22 September 2016. The shares will trade ex-dividend on 23 September 2016.

The Directors have once again decided to offer shareholders the opportunity to elect to receive dividends in the form of new shares in the Company as an alternative to a cash dividend payment.

Documentation setting out full details of the scrip dividend scheme will be sent to all shareholders on 15 September 2016.

If shareholders wish to receive this dividend in the form of new shares in the Company, election forms need to be filed by 4pm on 3 October 2016. If no action is taken, the dividend will be paid as cash. The reference price of the scrip shares in respect of the dividend will be calculated and published on or around 29 September 2016.

The timetable for the operation of the Scrip dividend scheme in respect of the 2016 interim dividend is set out below.

2016 Interim Dividend Timetable

22 September: Ex-dividend date

22-28 September: Scrip dividend calculation period

23 September: Record date

3 October, 4pm: Final date and time for receipt of Mandate Forms

17 October: Posting of dividend cheques and tax vouchers for cash dividend

18 October: Issue and allotment of new shares for scrip dividend

19 October: Issue of new share certificates for scrip dividend

19 October: Cash dividend payment date and trading of new shares commences

[Ends]

For further information, please contact:

Good Energy Group PLC Juliet Davenport, Chief Executive Denise Cockrem, Chief Financial Officer Tel. [phone] Arden Partners plc (Nomad) Steve Douglas, Patrick Caulfield Tel: [phone] Camarco (Financial PR Adviser) Geoffrey Pelham-Lane, Georgia Mann Tel: [phone] Good Energy Press Office Luke Bigwood Tel: [phone]

Notes to editors

Good Energy is a fast-growing 100% renewable electricity and green gas company, offering award-winning customer service.

An AIM-listed PLC, and founder member of the Social Stock Exchange, its mission is to support change in the energy market, address climate change and boost energy security.

The company has consistently performed well in the annual Which? energy company customer satisfaction survey, winning first or second place in each of the last five years.

It now has 72,500 renewable electricity customers and 43,000 gas customers. It also provides Feed-in Tariff administrative services to 124,500 sites. (All figures as at 30 June 2016.)

Good Energy is the owner of Delabole Wind Farm, the UK's first commercial wind farm, and owns and operates Hampole Wind Farm, near Doncaster. The company also owns and operates seven solar farms.

Good Energy has won a number of awards including Renewable Energy Association Company of the Year Award 2016, BusinessGreen Company of the Year Award 2015, and, was named Social Impact Company of the Year at the 2014 and 2015 Small Cap awards.

 

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