SCRIP DIVIDEND REFERENCE PRICE

RNS Number : 7319W

SSE PLC

30 January 2013

 



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 2013, payable on 22 March 2013, will be 1,393 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 2013, this was the period 23 to 29 January 2013.

If all of the Company's eligible shareholders as at the record date of 25 January 2013 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 1,393 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 17,337,845, representing approximately 1.81% 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 22 February 2013, 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 22 February 2013.

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 22 February 2013.

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 2013

Ex-dividend date                                                    23 January 2013

Record date                                                           25 January 2013

Scrip reference price calculation period              23 - 29 January 2013

Last date for receipt of Scrip elections               22 February 2013

Dividend payment/Scrip issue date                    22 March 2013

 

END

 

 

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