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Pennon Group PLC (PNN)

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Friday 18 February, 2011

Pennon Group PLC

Scrip Dividend Alternative

RNS Number : 5054B
Pennon Group PLC
18 February 2011
 



 

 

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 EXPLANTORY 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 2011, payable on 1 April 2011, will be 621.2p.

 

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 2011, this was the period 19 to 25 January 2011.

 

The Scrip Dividend Alternative timetable for the interim dividend for the year ended 31 March 2011 is as follows:

 

Ex-dividend date

19 January 2011

Record date

21 January 2011

Scrip reference price calculation period

19 to 25 January 2011

Last date for receipt of Scrip elections

11 March 2011

Dividend payment/Scrip issue date

1 April 2011

 

 

 

 

18 February 2011

 

 

www.pennon-group.co.uk

 

 

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