Scrip Dividend Elections

RNS Number : 1781D

Good Energy Group PLC

24 June 2019

 

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 2,073,243 ordinary shares of 5p each ("Ordinary Shares") in relation to the final dividend for the year ended 31 December 2018. This accounts for 12.5% of the 16,571,521 Ordinary Shares in issue on the record date.

Accordingly, 34,641 new Ordinary Shares ("Scrip Dividend Shares") will be issued in satisfaction of such elections at an equivalent price of 147.5p 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 4 July 2019.  The Company will apply for the Scrip Dividend Shares to be admitted to trading on AIM with dealings expected to commence on or around 4 July 2019.  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 16,606,162 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		11			674	0.004%
Mrs Emma Tinker		26			1549	0.009%

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

Tel: [phone]

Walbrook (Financial PR)

Paul Cornelius

Nick Rome

Tel: [phone]

Notes to editors:

About Good Energy www.goodenergy.co.uk

Good Energy was founded in 1999 by Juliet Davenport OBE with the ambition to tackle climate change by generating and investing in renewable energy. Its purpose is to power the choice of a cleaner, greener future together with its customers, employees and investors.

Since it started, the company has been supplying clean power, sourced from its own generation assets as well as from independent, UK-based renewable generators. Good Energy also pioneered a more localised approach to energy by supporting home generation, launching the HomeGen scheme in 2004, which became the blueprint for the Feed-in Tariff.

Today, it continues to support and invest in localised energy generation, as the only UK energy company with more home-generation customers than supply. From using digital innovation to help UK households and businesses manage their energy usage more efficiently, to empowering more people to generate, store and share clean power, it is leading the charge towards a cleaner, distributed energy system.

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) 147.5p  11
d)	Aggregated information - Aggregated volume - Price	11 £16.23
e)	Date of the transaction	4 July 2019
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) 147.5p 26
d)	Aggregated information - Aggregated volume - Price	26 £16.23
e)	Date of the transaction	4 July 2019
f)	Place of the transaction	London Stock Exchange

 

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