SCRIP DIVIDEND REFERENCE PRICE

RNS Number : 6052W

SSE PLC

01 February 2012

 



SSE PLC

SCRIP DIVIDEND SCHEME

The Board of SSE plc ('the Company') confirms that 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 ending 31 March 2012, payable on 23 March 2012, will be 1,217 pence per share.

The Scrip reference price has been calculated by taking the average mid-market closing price of the Company's shares over the five business days commencing on the ex-dividend date. In respect of the interim dividend for the year ending 31 March 2012, this was the period 25 to 31 January 2012.

If all of the Company's eligible shareholders as at the record date of 27 January 2012 were to elect to participate in the Scrip Dividend Scheme in respect of their entire shareholdings as at such date, based on the Scrip reference price of 1,217 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 18,505,990, representing approximately 1.97% of the Company's issued share capital on the record date.

The exact number of shares which will require to be issued will be established after 24 February 2012, the final date for receipt of elections to participate in the Scrip Dividend Scheme.  

Shareholders holding shares in certificated form who wish to withdraw from the Scrip Dividend Scheme should ensure their requests to withdraw are lodged with Capita Registrars to arrive no later than 24 February 2012.

Shareholders holding shares in certificated form who wish to participate in the Scrip Dividend Scheme should contact Capita Registrars and return their mandate forms to Capita Registrars to arrive no later than 24 February 2012.

Shareholders who hold their shares in uncertificated form should consult their Crest sponsors as appropriate.

Scrip dividend timetable for interim dividend for the year ending 31 March 2012

Ex-dividend date                                                    25 January 2012

Record date                                                           27 January 2012

Scrip reference price calculation period             25 - 31 January 2012

Last date for receipt of Scrip elections               24 February 2012

Dividend payment/Scrip issue date                    23 March 2012

 

END

 

 

MSCMMGGZZMGGZZM