Scrip Dividend Alternative

RNS Number : 7086X

Pennon Group PLC

20 February 2012

 

PENNON GROUP PLC

FOR IMMEDIATE RELEASE

SCRIP DIVIDEND ALTERNATIVE - DOCUMENTS AVAILABLE FOR INSPECTION

Pennon Group Plc (the "Company") announces that the following documents have been submitted electronically to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do

SCRIP DIVIDEND ALTERNATIVE BOOKLET - TERMS & CONDITIONS

CHAIRMAN'S EXPLANATORY LETTER

SCRIP DIVIDEND ALTERNATIVE FORM OF ELECTION/MANDATE APPLICATION FORM

The documents may also be viewed on the Company's website at

www.pennon-group.co.uk

SCRIP REFERENCE PRICE

The Scrip reference price for the fully paid Ordinary shares to be issued to shareholders electing to receive the Scrip Dividend Alternative for the interim dividend for the year ended 31 March 2012, payable on 3 April 2012, will be 696.2p.

The Scrip reference price is calculated by taking the average of the middle market quotations for the Company's Ordinary shares for the day on which they are quoted

ex-dividend and the four subsequent business days.  In respect of the interim dividend for the year ended 31 March 2012, this was the period 1 to 7 February 2012.

The Scrip Dividend Alternative timetable for the interim dividend for the year ended 31 March 2012 is as follows:

Ex-dividend date	1 February 2012
Record date	3 February 2012
Scrip reference price calculation period	1 to 7 February 2012
Last date for receipt of Scrip elections	12 March 2012
Dividend payment/Scrip issue date	3 April 2012

20 February 2012

www.pennon-group.co.uk

End transmission

 

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