Scrip Alternative

RNS Number : 9865K

SSE PLC

29 August 2012

 



SSE PLC

FINAL DIVIDEND FOR THE YEAR ENDED 31 MARCH 2012

SCRIP ALTERNATIVE

SSE plc announces that a total of 30,369 shareholders have elected to receive the final dividend for the year ended 31 March 2012 of 56.1 pence per ordinary share in respect of 307,842,342 ordinary shares in the form of Scrip dividend.  This will result in a reduction in cash dividend funding of £172.7 million.  

A total of 13,213,634 new ordinary shares, fully paid, will be issued on 21 September 2012, representing an increase of 1.40% on the issued share capital on dividend record date of 27 July 2012.  The relevant Scrip Reference Share Price was 1,307 pence per ordinary share.

The cumulative reduction in cash dividend funding since the Scrip alternative became available in September 2010 is in excess of £407 million.  

 

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