Scrip Dividend Elections

RNS Number : 6506E

Good Energy Group PLC

19 October 2018

 

Good Energy Group PLC

("Good Energy" or "the Company")

Scrip Dividend Elections

Good Energy announces that it has received elections to accept the scrip dividend alternative from holders of 2,076,467 ordinary shares of 5p each ("Ordinary Shares") in relation to the interim dividend for the period to 30 June 2018. This accounts for 12.5% of the 16,553,005 Ordinary Shares in issue on the record date.

Accordingly, 18,516 new Ordinary Shares ("Scrip Dividend Shares") will be issued in satisfaction of such elections at an equivalent price of 113.5p each.

The Scrip Dividend Shares will rank pari passu with the Company's existing issued Ordinary Shares and will be issued and allotted on the Dividend Payment Date, being 2 November 2018.  The Company will apply for the Scrip Dividend Shares to be admitted to trading on AIM with dealings expected to commence on or around 2 November 2018.  Share certificates and scrip dividend vouchers for the Scrip Dividend Shares will be posted on the same date.

Following the allotment, issue and admission of the Scrip Dividend Shares, the enlarged issued share capital of Good Energy with voting rights attached will consist of 16,571,521 Ordinary Shares with one vote per Ordinary Share. There are no shares held in Treasury. This is therefore the figure to be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in Good Energy.

Good Energy has received elections for the scrip dividend alternative from individuals it considers to be persons discharging managerial responsibility. The individuals, resulting Scrip Dividend Shares, aggregate number of Ordinary Shares held by relevant individuals and their related parties (as defined in the AIM rules) and their aggregate percentage holdings in Good Energy are set out below:

PDMR		Number of Scrip Dividend Shares to be issued			Ordinary Shares held following   scrip dividend	% holding in    Company following scrip dividend issue
Mr Stephen Rosser		6			657	0.004%
Mrs Emma Tinker		14			1509	0.01%

End

Enquiries:

Good Energy Group PLC

Juliet Davenport, Chief Executive

Charles Parry, Investor Relations

 Tel: [phone]

Investec Bank plc (Nominated Adviser)

Jeremy Ellis

Sara Hale

Alexander Ruffman

Tel: [phone]

Smithfield (Financial PR)

Alex Simmons

Tel: [phone]

Notes to editors:

·  Good Energy is a pioneering clean energy company, powering the choice of a cleaner, greener future together with its people, customers and shareholders. Having led the way in renewable energy development since 1999 in areas including small and larger scale wind turbines, solar panels, biogen and hydro, and now in technologies like battery storage and electric vehicles, Good Energy is making it easier for people and businesses to make renewable energy part of their lives.

·   Good Energy powers homes and businesses with 100% renewable electricity from a community of over 1,400 UK generators and owns and operate two wind farms, including the UK's first commercial wind farm, and six solar farms. In addition, Good Energy offers a green gas product which contains 6% biomethane ‐ gas produced here in the UK from food waste. To make it completely carbon neutral, emissions from the rest of the gas its customers use is balanced through supporting verified carbon‐reduction schemes in Malawi, Vietnam and Nepal.

•           Established to tackle climate change and help deliver energy security for the UK.

•           Founded in 1999 by Juliet Davenport OBE.

•           A British company based in Chippenham, Wiltshire.

•           Good Energy's electricity comes from local, natural sources like sunshine, wind and rain.

•           In 2017 Good Energy's generation output was 87.6GWh (2016: 80.7GWh).

•           As at 30 December 2017, Good Energy had over 250,000 domestic and business customers.

Twitter: twitter.com/goodenergy

Facebook: facebook.com/goodenergy.co.uk

Instagram: Instagram.com/GoodEnergy

Website: https://group.goodenergy.co.uk/

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Rosser
2	Reason for the notification
a)	Position/status	Person discharging managerial responsibility
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Good Energy Group PLC
b)	LEI	549300RDCDCDNGLJB833
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares, 5p GOOD
b)	Nature of the transaction	Scrip Dividend Issue
c)	Price(s) and volume(s)	Price(s) Volume(s) 113.5p 6
d)	Aggregated information - Aggregated volume - Price	6 £6.81
e)	Date of the transaction	2 November 2018
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Emma Tinker
2	Reason for the notification
a)	Position/status	Person discharging managerial responsibility
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Good Energy Group PLC
b)	LEI	549300RDCDCDNGLJB833
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares, 5p GOOD
b)	Nature of the transaction	Scrip Dividend Issue
c)	Price(s) and volume(s)	Price(s) Volume(s) 113.5p 14
d)	Aggregated information - Aggregated volume - Price	14 £15.89
e)	Date of the transaction	2 November 2018
f)	Place of the transaction	London Stock Exchange

 

END

 

 

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