SCRIP Dividend Alternative - Documents available

RNS Number : 1232P

Pennon Group PLC

15 February 2016

 

PENNON GROUP PLC

FOR IMMEDIATE RELEASE

SCRIP DIVIDEND ALTERNATIVE - DOCUMENTS AVAILABLE FOR INSPECTION

Pennon Group Plc (the "Company") announces that the following documents have been submitted electronically to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

SCRIP DIVIDEND ALTERNATIVE BOOKLET - TERMS & CONDITIONS

CHAIRMAN'S EXPLANATORY LETTER

SCRIP DIVIDEND ALTERNATIVE FORM OF MANDATE APPLICATION FORM

The documents may also be viewed on the Company's website at

www.pennon-group.co.uk

SCRIP REFERENCE PRICE

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 1 April 2016, will be 882.2p.

The Scrip reference price is calculated by taking the average of the middle market quotations for the Company's Ordinary shares for the day on which they are quoted ex-dividend and the four subsequent business days.  In respect of the interim dividend for the year ending 31 March 2016, this was the period 28 January 2016 to 3 February 2016.

The Scrip Dividend Alternative timetable for the interim dividend for the year ending 31 March 2016 is as follows:

Ex-dividend date	28 January 2016
Record date	29 January 2016
Scrip reference price calculation period	28 January 2016 to 3 February 2016
Last date for receipt of Scrip elections	7 March 2016
Dividend payment/Scrip issue date	1 April 2016

15 February 2016

www.pennon-group.co.uk

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