Scrip Dividend Scheme Reference Price

RNS Number : 6184H

SSE PLC

01 August 2019

 

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 final dividend for the year ended 31 March 2019, payable on 20 September 2019, will be 1,096 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 final dividend for the year ending 31 March 2019, this was the period 25 to 31 July 2019.

If all of the Company's eligible shareholders as at the record date of 26 July 2019 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 1,096 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 63,855,939 representing approximately 6.2% 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 22 August 2019 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 22 August 2019.  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 22 August 2019.

Shareholders who hold their shares in uncertificated form should consult their Crest sponsors as appropriate.

Scrip dividend timetable for the final dividend for the year ended 31 March 2019

Ex-dividend date                                               25 July 2019

Record date                                                      26 July 2019

Scrip reference price calculation period            25 - 31 July 2019

Last date for receipt of Scrip elections             22 August 2019

Dividend payment/Scrip issue date                  20 September 2019

 

END

 

 

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