Update on Scrip Dividend

RNS Number : 5530C

Good Energy Group PLC

16 October 2015

 

16 October 2015

Good Energy Group PLC

("Good Energy" or "the Company")

Update on Scrip Dividend

Good Energy announces the following in relation to the ordinary share capital of the Company:

Elections to accept the scrip dividend alternative with regard to the interim dividend for the year ending 31 December 2015 have been received from holders of 920,878 ordinary shares of 5p each ("Ordinary Shares"), in aggregate, representing approximately 6% of the Ordinary Shares in issue on 2 October 2015, being the record date for the interim dividend.

Accordingly, 4,081 new Ordinary Shares will be issued in satisfaction of such elections at an equivalent price of 226.7p each ("Scrip Dividend Shares"), increasing the issued Ordinary Share capital of the Company to 14,970,680 Ordinary Shares. Good Energy confirms that the scrip dividend reference price for the fully paid Ordinary Shares to be issued to shareholders electing to receive the scrip dividend alternative for the interim dividend, payable on 23 October 2015, will be 226.7p per share.

The scrip reference price was calculated from the average of the middle market quotations for an Ordinary Share in the Company as derived from the Daily Official List of the London Stock Exchange during the period of five dealing days commencing on the ex-dividend date (1 October 2015).

The Directors' elections and resulting holdings are as follows (if applicable):

Director	Number of scrip dividend shares	Ordinary Shares following scrip dividend	Holding in company %
Francesca Ecsery Richard Squires	10 161	2,410 36,513	0.02 0.24

Application has been made for the 4,081 Scrip Dividend Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. It is expected that admission will be effective on 22 October and dealings will commence on 23 October 2015.

Following admission, the enlarged issued share capital of Good Energy with voting rights attached will consist of 14,970,680 Ordinary Shares with one vote per Ordinary Share. There are no shares held in Treasury. The total number of voting rights in Good Energy is therefore 14,970,680 which is the figure that may 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.

The expected timetable for payment of the interim dividend is as follows:

21 October 2015	Posting of dividend cheques and tax vouchers
22 October 2015	Issue and allotment of ordinary shares as scrip dividend
22 October 2015	Posting of share certificates
23 October 2015	Dividend payment date

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For further information, please contact:

Good Energy Group PLC Juliet Davenport, Chief Executive Denise Cockrem, Chief Financial Officer Tel. [phone] Arden Partners plc (Nominated Adviser and Broker) Steve Douglas, Patrick Caulfield Tel: [phone] Camarco (Financial PR Adviser) Geoffrey Pelham-Lane, Georgia Mann Tel: [phone] Good Energy Press Office Gill Dickinson Tel: [phone]

- Good Energy is a fast-growing 100% renewable electricity supply and generation company, offering value for money and award-winning customer service. 

- An AIM-listed PLC, and founder member of the Social Stock Exchange, its mission is to support change in the energy market, address climate change and boost energy security. 

- The company has consistently performed well in the annual Which? energy company customer satisfaction survey, winning first or second place in each of the last four years. Good Energy's dual fuel tariff is cheaper on average than the standard tariffs sold by the 'Big 6' before discounts. 

- It now has more than 55,000 renewable electricity customers and 28,000 gas customers. It works with a community of 93,500 small and medium scale renewable electricity generators (All figures as at 30June 2015).

- Good Energy is the owner of Delabole Wind Farm, the UK's first commercial wind farm, and owns and operates Hampole Wind Farm, near Doncaster. The company also owns and operates six solar farms.

- Good Energy has won a number of awards including Company of the Year 2015 - Business Green Award; Leadership Award 2015 - British Renewable Energy Association; Social Impact Company of the Year for second year running - Small Cap Awards 2015.

 

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