Non-Discretionary Share Buyback Programme

RNS Number : 8651Z

SSE PLC

22 May 2019

 

Announcement of Non-Discretionary Share Buyback Programme

SSE plc (the "Company") announces in compliance with the EU Market Abuse Regulation that it has instructed Morgan Stanley & Co. International plc in relation to an irrevocable, non-discretionary programme to repurchase its ordinary shares for cancellation up to the value of £100 million in total between 22 May 2019 and 22 August 2019 (the "Programme"). These arrangements form part of the Company's capital return programme announced on 1 February 2019.

Any share purchases under the Programme will be effected within certain pre-set parameters, and in accordance with the Company's share buyback authority granted by shareholders at the Company's Annual General Meeting on 19 July 2018 (being 101,517,639 shares), the EU Market Abuse Regulation and Chapter 12 of the UK Listing Rules. The Company confirms that it currently has no inside information.

 

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