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OPG Power Ventures (OPG)


Tuesday 20 December, 2016

OPG Power Ventures

Dividend Declaration

RNS Number : 3282S
OPG Power Ventures plc
20 December 2016

20 December 2016


OPG Power Ventures plc

("OPG" or the "Company")


Notice of Dividend


OPG (AIM: OPG), the developer and operator of power generation plants in India, announces that its maiden dividend, an interim dividend of 0.26p per share, will be paid on 16 February 2017 to shareholders on the register on 30 December 2016.   Ex-dividend date is 29 December 2016.


There will be a scrip alternative, based on a reference price calculated on 5 January 2017 and announced on 6 January 2017.  A scrip circular, scrip election form and EGM circular (to approve the scrip alternative) will be despatched to shareholders on 10 January 2017 and the EGM will be held on 25 January 2017.  Subject to shareholder approval, the last date for the scrip election will be 1 February 2017.


A timetable for the key dates is set out below:



Dividend announcement date


Ex-dividend date


Record date


Scrip reference price announced


Despatch of scrip circular, scrip election form and EGM circular




Deadline for scrip election


Dividend pay date, CREST PAY instruction and despatch of scrip documents


For further information, please visit or contact:


OPG Power Ventures PLC

Arvind Gupta / V Narayan Swami



+91 (0) 44 429 11 211

Investor Relations

Ajay Paliwal / Pooja Maru



+44 (0) 20 7850 7070

Cenkos Securities (Nominated Adviser & Broker)

Stephen Keys / Camilla Hume



+44 (0) 20 7397 8900

Macquarie Capital (Europe) Limited (Joint Broker)

Raj Khatri / Nick Stamp



+44 (0) 20 3037 2000

Tavistock (Financial PR)

Simon Hudson / James Collins / Barney Hayward


+44 (0) 20 7920 3150


About OPG

OPG operates and develops power generation related assets in India, principally under the group captive model, and currently has 750 MW of assets in operation with 62 MW solar under development. In the six months ended 30 September 2016, the Company generated revenues of approximately £118 million, profit before tax of £18 million and adjusted earnings per share of 4.80 pence.



This information is provided by RNS
The company news service from the London Stock Exchange

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