Scrip Dividend Scheme

RNS Number : 9804C

SSE PLC

25 January 2018

 

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 2018, payable on 16  March 2018, will be 1,292 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 2018, this was the period 18 to 24 January 2018.

If all of the Company's eligible shareholders as at the record date of 19 January 2018 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 1,292 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 22,299,198 representing approximately 2.19% of the Company's issued share capital (excluding treasury shares) on the record date.

The exact number of shares which will require to be issued will be established after 16 February 2018 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 Link Asset Services and return their mandate forms to arrive no later than 16 February 2018.  Shareholders wishing to withdraw from the Scrip Dividend Scheme should ensure their requests to withdraw are lodged with Link Asset Services to arrive no later than 16 February 2018.

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 2018

Ex-dividend date                                                    18 January 2018

Record date                                                           19 January 2018

Scrip reference price calculation period             18 - 24 January 2018

Last date for receipt of Scrip elections               16 February 2018

Dividend payment/Scrip issue date                    16 March 2018

 

END

 

 

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