Update on Scrip Dividend - replacement

RNS Number : 7312L

Good Energy Group PLC

21 July 2017

 

Good Energy Group PLC

("Good Energy" or "the Company")

Update on Scrip Dividend

The following replaces the update on scrip dividend announcement released on 14/7/17 at 07:00 under RNS number 0558L. This version includes previously omitted PDMR details. The full amended release appears below.

Good Energy announces that, in relation to the final dividend for the year ended 31 December 2016, it has received elections to accept the scrip dividend alternative from holders of 2,089,898 ordinary shares of 5p each ("Ordinary Shares"). Approximately 12.68% of the Ordinary Shares in issue on the record date elected for the scrip dividend option offered by the Company.

Accordingly, 22,071 new Ordinary Shares ("Scrip Dividend Shares") will be issued in satisfaction of such elections at an equivalent price of 217.4p each.

The Scrip Dividend Shares will rank pari passu with the Company's existing issued Ordinary Shares and will be issued and allotted on the Dividend Payment Date, being 20 July 2017. The Company will apply for the Scrip Dividend Shares to be admitted to trading on AIM with dealings expected to commence on or around 20 July 2017. Share certificates and scrip dividend vouchers for the Scrip Dividend Shares will be posted on the same date. 

Following the allotment, issue and admission of the Scrip Dividend Shares, the enlarged issued share capital of Good Energy with voting rights attached will consist of 16,506,774 Ordinary Shares with one vote per Ordinary Share. There are no shares held in Treasury. Accordingly, this is the figure to be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in Good Energy.

Good Energy has received elections for the scrip dividend alternative from individuals it considers to be persons discharging managerial responsibility. The individuals, resulting Scrip Dividend Shares, aggregate number of Ordinary Shares held by relevant individuals and their related parties (as defined in the AIM rules) and their aggregate percentage holdings in Good Energy are set out below:

DIRECTOR/PDMR	Number of Scrip Dividend Shares	Ordinary Shares following scrip dividend	% holding in Company
Richard Squires*	421	40,180	0.24%
Francesca Ecsery	35	3,363	0.02%
Emma Tinker	16	1,477	0.01%
Stephen Rosser	7	643	0.004%
*incorporates 2,742 shares held by Mr Squires' wife (including 29 Scrip Dividend Shares).

Enquiries:
Good Energy Group PLC	[phone]
Juliet Davenport, Chief Executive Officer
Denise Cockrem, Chief Financial Officer
Stephen Rosser, Company Secretary
Smithfield Consultants	[phone]
Alex Simmons
Brett Jacobs
Arden Partners plc	[phone]
Steve Douglas
Investec Bank plc	[phone]
Jeremy Ellis
Sara Hale

Notes to editors:

·      Good Energy is a fast-growing green energy company, generating and selling 100% renewable electricity and green gas to households and businesses across the UK.

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

·      The Company has been awarded 4 out of 5 stars by Which? for customer service in 2016 and 2017, and has been voted the best energy company for customer service by users of MoneySavingExpert.com for three consecutive polls.

·      As at 31 December 2016, Good Energy had over 71,400 renewable electricity customers and 44,100 carbon neutral gas customers. It also provides Feed-in Tariff administration services to over 133,000 sites, bringing the total number of customers to 248,500.

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

·      Good Energy received an average customer advocacy of 45. A net promoter score is an index ranging from -100 to 100 that measures the willingness of customers to recommend a company's products or services to others. It is used as a proxy for gauging the customer's overall satisfaction with a company's product or service and the customer's loyalty to the brand.

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

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Emma Tinker
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Good Energy Group PLC
b)	LEI	549300RDCDCDNGLJB833
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares, 5p GOOD
b)	Nature of the transaction	Scrip Dividend Issue
c)	Price(s) and volume(s)	Price(s) Volume(s) 217.40p 16
d)	Aggregated information - Aggregated volume - Price	16 £34.78
e)	Date of the transaction	20 July 2017
f)	Place of the transaction	London Stock Exchange

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Francesca Ecsery
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Good Energy Group PLC
b)	LEI	549300RDCDCDNGLJB833
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares, 5p GOOD
b)	Nature of the transaction	Scrip Dividend Issue
c)	Price(s) and volume(s)	Price(s) Volume(s) 217.40p 35
d)	Aggregated information - Aggregated volume - Price	35 £76.09
e)	Date of the transaction	20 July 2017
f)	Place of the transaction	London Stock Exchange

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Squires
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Good Energy Group PLC
b)	LEI	549300RDCDCDNGLJB833
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares, 5p GOOD
b)	Nature of the transaction	Scrip Dividend Issue
c)	Price(s) and volume(s)	Price(s) Volume(s) 217.40p 421
d)	Aggregated information - Aggregated volume - Price	421 £915.25
e)	Date of the transaction	20 July 2017
f)	Place of the transaction	London Stock Exchange

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Rosser
2	Reason for the notification
a)	Position/status	Person discharging managerial responsibility
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Good Energy Group PLC
b)	LEI	549300RDCDCDNGLJB833
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares, 5p GOOD
b)	Nature of the transaction	Scrip Dividend Issue
c)	Price(s) and volume(s)	Price(s) Volume(s) 217.40p 7
d)	Aggregated information - Aggregated volume - Price	7 £15.22
e)	Date of the transaction	20 July 2017
f)	Place of the transaction	London Stock Exchange

 

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