Scrip Dividend Reference Price

RNS Number : 5380T

OPG Power Ventures plc

06 January 2017

 

6 January 2017

OPG Power Ventures plc

("OPG", the "Group" or the "Company")

Scrip Dividend Reference Price

OPG (AIM: OPG), the developer and operator of group captive power generation plants, announces that the scrip dividend reference price for the ordinary shares to be issued to shareholders electing to receive the scrip dividend alternative for the Company's interim dividend of 0.26p per share will be 62.80p per share.

The scrip reference price was calculated as the average of the Company's closing middle market price, as derived from the London Stock Exchange's Daily Official List, for the five consecutive business days commencing on the ex-dividend date, being 29 December 2016.

A timetable for the key dates is set out below:

10/01/2017	Despatch of scrip circular, scrip election form and EGM circular
25/01/2017	EGM
01/02/2017	Deadline for scrip election
16/02/2017	Dividend pay date, CREST PAY instruction and despatch of scrip documents

For further information, please visit www.opgpower.com or contact:

OPG Power Ventures PLC Arvind Gupta / V Narayan Swami	[phone]
OPG - Investor Relations Ajay Paliwal / Pooja Maru	[phone]
Cenkos Securities (Nominated Adviser & Broker) Stephen Keys / Camilla Hume	[phone]
Macquarie Capital (Europe) Limited (Joint Broker) Raj Khatri / Nick Stamp	[phone]
Tavistock (Financial PR) Simon Hudson / James Collins	[phone]

OPG operates and develops power generation related assets in India and at 30 September 2016 had 750 MW of assets with a further 186 MW under development or in pipeline.  In the six months ended 30 September 2016, according to its unaudited results for the period, the Company generated revenues of £118 million, EBITDA of £41 million, profit before tax of £18 million and earnings per share of 4.80 pence.

 

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