Scrip Dividend Scheme

RNS Number : 3110N

SSE PLC

28 January 2016

 

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 2016, payable on 18  March 2016, will be 1,391 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 2016, this was the period 21 to 27 January 2016.

If all of the Company's eligible shareholders as at the record date of 22 January 2016 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 1,391 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 19,458,046, representing approximately 1.93% 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 19 February 2016, 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 19  February 2016.  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 19 February 2016.

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 2016

Ex-dividend date                                                    21 January 2016

Record date                                                           22 January 2016

Scrip reference price calculation period             21 - 27 January 2016

Last date for receipt of Scrip elections               19 February 2016

Dividend payment/Scrip issue date                    18 March 2016

 

END

 

 

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