Scrip Alternative

RNS Number : 2479D

SSE PLC

17 February 2020

 

SSE PLC

INTERIM DIVIDEND FOR THE YEAR ENDED 31 MARCH 2019

SCRIP ALTERNATIVE

SSE plc was notified on 17 February 2020 that a total of 26,988 shareholders have elected to receive the interim dividend for the year ended 31 March 2020 of 24 pence per ordinary share in respect of 567,752,002 ordinary shares in the form of Scrip dividend.  This will result in a reduction in final dividend cash funding of £136,260,480.

A total of 9,136,089 new ordinary shares, fully paid, will be issued on 13 March 2020, representing an increase of 0.88% on the issued share capital (excluding treasury shares) on the dividend record date of 17 January 2020.  The relevant Scrip Reference Share Price was 1,491 pence per ordinary share.

In May 2018, SSE confirmed its intention to buy back shares where take-up of the full year dividend exceeds 20%, starting in financial year 2018/19.  The level of any scrip-related buy back will therefore only be known when the 2019/20 full year dividend scrip uptake is confirmed in September 2020.

 

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