SCRIP DIVIDEND REFERENCE PRICE

RNS Number : 1744L

SSE PLC

07 August 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 final dividend for the year ended 31 March 2013, payable on 27 September 2013, will be 1,575 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 final dividend for the year ended 31 March 2013, this was the period 31 July to 6 August 2013 inclusive.

If all of the Company's eligible shareholders as at the record date of 2 August 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 1,575 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 36,125,153, representing approximately 3.75% 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 30 August 2013, the final date for receipt of elections to participate in the Scrip Dividend Scheme.  

Shareholders wishing to participate in the Scrip Dividend Scheme should contact Capita Registrars and return their mandate forms to Capita Registrars to arrive no later than 30 August 2013.  Shareholders wishing to withdraw from the Scrip Dividend Scheme should ensure their requests to withdraw are lodged with Capita Registrars to arrive no later than 30 August 2013.

Scrip dividend timetable for the final dividend for the year ended 31 March 2013

Ex-dividend date                                                    31 July 2013

Record date                                                           2 August 2013  

Scrip reference price calculation period              31 July - 6 August 2013

Last date for receipt of Scrip elections               30 August 2013

Dividend payment/Scrip issue date                    27 September 2013

 

END

 

 

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