Result of Scrip Dividend Alternative

RNS Number : 7620Y

OPG Power Ventures plc

08 December 2017

 

8 December 2017

OPG Power Ventures plc

("OPG", the "Group" or the "Company")

Result of Scrip Dividend Alternative and Issue of Equity

Further to the Company's previous announcements, OPG announces that it has received final valid elections for the Scrip Dividend Alternative in respect of 173,478,295 existing ordinary shares of 0.0147p each in the capital of the Company.

Accordingly, based on the previously announced reference price of 26.023p per share and the final dividend of 0.72p per share, a total of 4,799,742 new ordinary shares of 0.0147p each will be allotted by the Company ("New Shares") to shareholders who elected to receive the Scrip Dividend Alternative.

Application has been made to AIM for the New Shares to be admitted to trading on AIM ("Admission").  Admission of the New Shares is expected on 22 December 2017 ("Admission").  It is expected that the New Shares will be issued and credited to CREST accounts on 22 December 2017.

Following Admission, the Company will have 356,308,697 ordinary shares in issue admitted to trading on AIM and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information, please visit www.opgpower.com or contact:

OPG Power Ventures PLC Arvind Gupta / Dmitri Tsvetkov	[phone]
Cenkos Securities (Nominated Adviser & Broker) Stephen Keys / Camilla Hume	[phone]
Macquarie Capital (Europe) Limited (Joint Broker) Nick Stamp	[phone]
Tavistock (Financial PR) Simon Hudson / Barney Hayward / James Collins	[phone]

-ends-

 

END

 

 

MSCLFFFFFELDIID