SCRIP DIVIDEND REFERENCE PRICE

RNS Number : 8222Y

SSE PLC

29 January 2014

 



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 2014, payable on 21 March 2014, will be 1,314 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 2014, this was the period 22 to 28 January 2014.

If all of the Company's eligible shareholders as at the record date of 24 January 2014 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 1,314 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 19,119,935, representing approximately 1.98% 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 21 February 2014, the final date for receipt of elections to participate in the Scrip Dividend Scheme.  

Shareholders holding shares in certificated form who wish to withdraw from the Scrip Dividend Scheme should ensure their requests to withdraw are lodged with the Company's Registrar, Capita Asset Services, Shareholder Solutions so as to arrive no later than 21 February 2014.

Shareholders holding shares in certificated form who wish to participate in the Scrip Dividend Scheme should lodge their mandate forms with Capita Asset Services, Shareholder Solutions so as to arrive no later than 21 February 2014.

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 2014

Ex-dividend date                                                    22 January 2014

Record date                                                           24 January 2014

Scrip reference price calculation period             22 - 28 January 2014

Last date for receipt of Scrip elections               21 February 2014

Dividend payment/Scrip issue date                    21 March 2014

 

END

 

 

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