Scrip Dividend Alternative
PENNON GROUP PLC
FOR IMMEDIATE RELEASE
SCRIP DIVIDEND ALTERNATIVE - DOCUMENTS AVAILABLE FOR INSPECTION
Pennon Group Plc (the "Company") announces that the following documents have been submitted electronically to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do
SCRIP DIVIDEND ALTERNATIVE BOOKLET - TERMS & CONDITIONS
CHAIRMAN'S EXPLANTORY LETTER
SCRIP DIVIDEND ALTERNATIVE FORM OF ELECTION/MANDATE APPLICATION FORM
The documents may also be viewed on the Company's website at
SCRIP REFERENCE PRICE
The Scrip reference price for the fully paid Ordinary shares to be issued to shareholders electing to receive the Scrip Dividend Alternative for the interim dividend for the year ended 31 March 2011, payable on 1 April 2011, will be 621.2p.
The Scrip reference price is calculated by taking the average of the middle market quotations for the Company's Ordinary shares for the day on which they are quoted
ex-dividend and the four subsequent business days. In respect of the interim dividend for the year ended 31 March 2011, this was the period 19 to 25 January 2011.
The Scrip Dividend Alternative timetable for the interim dividend for the year ended 31 March 2011 is as follows:
|
Ex-dividend date |
19 January 2011 |
|
Record date |
21 January 2011 |
|
Scrip reference price calculation period |
19 to 25 January 2011 |
|
Last date for receipt of Scrip elections |
11 March 2011 |
|
Dividend payment/Scrip issue date |
1 April 2011 |
18 February 2011
www.pennon-group.co.uk
End transmission
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