Scrip Reference Price

RNS Number : 3054N
SSE PLC
19 January 2023
 

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 2023, payable on 9 March 2023, will be 1,689 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 2023, this was the period 12 to 18 January 2023.

 

If all of the Company's eligible shareholders as at the record date of 13 January 2023 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 1,689 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 18,556,891 representing approximately 1.7% 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 10 February 2023, 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 Group and return their mandate forms to arrive no later than 10 February 2023.  Shareholders wishing to withdraw from the Scrip Dividend Scheme should ensure their requests to withdraw are lodged with Link Group to arrive no later than 10 February 2023.

 

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 2023

 

Ex-dividend date                                               12 January 2023

 

Record date                                                      13 January 2023

 

Scrip reference price calculation period           12 - 18 January 2023

 

Last date for receipt of Scrip elections  10 February 2023

 

Dividend payment/Scrip issue date  9 March 2023

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DIVGPUGAGUPWGPB

Companies

SSE (SSE)
UK 100