Dividend Declaration

RNS Number : 7657A

SSE PLC

23 January 2020

 

SSE PLC

SCRIP DIVIDEND SCHEME

The Board of SSE plc ('the Company') confirms that 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 ending 31 March 2020, payable on 13 March 2020, will be 1,491 pence per share.

The Scrip reference price has been calculated by taking the average mid-market closing price of the Company's shares over the five business days commencing on the ex-dividend date. In respect of the interim dividend for the year ending 31 March 2020, this was the period 16 to 22 January 2020.

If all of the Company's eligible shareholders as at the record date of 17 January 2020 were to elect to participate in the Scrip Dividend Scheme in respect of their entire shareholdings as at such date, based on the Scrip reference price of 1,491 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 16,643,838 representing approximately 1.6% of the Company's issued share capital (excluding treasury shares) on the record date.

The exact number of shares which will require to be issued will be established after 13 February 2020 the final date for receipt of elections to participate in the Scrip Dividend Scheme.  

Shareholders wishing to participate in the Scrip Dividend Scheme should contact Link Asset Services and return their mandate forms to arrive no later than 13 February 2020.  Shareholders wishing to withdraw from the Scrip Dividend Scheme should ensure their requests to withdraw are lodged with Link Asset Services to arrive no later than 13 February 2020.

Shareholders who hold their shares in uncertificated form should consult their Crest sponsors as appropriate.

Scrip dividend timetable for the interim dividend for the year ending 31 March 2020

Ex-dividend date                                                 16 January 2020

Record date                                                        17 January 2020

Scrip reference price calculation period             16 - 22 January 2020

Last date for receipt of Scrip elections               13 February 2020

Dividend payment/Scrip issue date                    13 March 2020

 

END

 

 

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