Scrip Dividend Scheme Reference Price

RNS Number : 0562O

SSE PLC

24 January 2019

 

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 2019, payable on 15 March 2019, will be 1,127 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 2019, this was the period 17 to 23 January 2019.

If all of the Company's eligible shareholders as at the record date of 18 January 2019 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 1,127 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 26,688,156 representing approximately 2.59% 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 14 February 2019 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 14 February 2019.  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 14 February 2019.

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 2019

Ex-dividend date                                                    17 January 2019

Record date                                                           18 January 2019

Scrip reference price calculation period                 17 - 23 January 2019

Last date for receipt of Scrip elections                   14 February 2019

Dividend payment/Scrip issue date                        15 March 2019

 

END

 

 

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