Scrip Dividend Scheme

RNS Number : 5269D

SSE PLC

29 January 2015

 



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 2015, payable on 20 March 2015, will be 1,525 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 2015, this was the period 22 to 28 January 2015.

If all of the Company's eligible shareholders as at the record date of 23 January 2015 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 1,525 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 17,227,011, representing approximately 1.74% 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 20 February 2015, 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 20 February 2015.  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 20 February 2015.

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

Scrip dividend timetable for the interim dividend for the year ending 31 March 2015

Ex-dividend date                                                    22 January 2015

Record date                                                            23 January 2015

Scrip reference price calculation period              22 - 28 January 2015

Last date for receipt of Scrip elections                20 February 2015

Dividend payment/Scrip issue date                      20 March 2015

 

END

 

 

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