Scrip Dividend Scheme

RNS Number : 2332V

SSE PLC

26 January 2017

 

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 2017, payable on 17  March 2017, will be 1,507 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 2017, this was the period 19 to 25 January 2017.

If all of the Company's eligible shareholders as at the record date of 20 January 2017 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 1,507 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 18,401,387 representing approximately 1.81% of the Company's issued share capital on the record date.

The exact number of shares which will require to be issued will be established after 17 February 2017, 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 Capita Registrars and return their mandate forms to Capita Registrars to arrive no later than 17 February 2017.  Shareholders wishing to withdraw from the Scrip Dividend Scheme should ensure their requests to withdraw are lodged with Capita Registrars to arrive no later than 17 February 2017.

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 2017

Ex-dividend date                                                    19 January 2017

Record date                                                           20 January 2017

Scrip reference price calculation period              19 - 25 January 2017

Last date for receipt of Scrip elections               17 February 2017

Dividend payment/Scrip issue date                    17 March 2017

 

END

 

 

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