SSE PLC Scrip Dividend Scheme (3108G)
August 04 2016 - 10:30AM
UK Regulatory
TIDMSSE
RNS Number : 3108G
SSE PLC
04 August 2016
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 final dividend for the year ending 31 March 2016, payable on 23
September 2016, will be 1,518 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 final dividend for the year ending 31 March 2016, this was
the period 28 July to 3 August 2016.
If all of the Company's eligible shareholders as at the record
date of 29 July 2016 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 1,518 pence per share,
the maximum number of shares required to be issued by the Company,
for Scrip dividend purposes, would be 41,486,724, representing
approximately 4.11% 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 26 August 2016, 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 26 August 2016.
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 26 August 2016.
Shareholders who hold their shares in uncertificated form should
consult their Crest sponsors as appropriate.
Scrip dividend timetable for the final dividend for the year
ending 31 March 2016
Ex-dividend date 28 July 2016
Record date 29 July 2016
Scrip reference price calculation period 28 July - 3 August 2016
Last date for receipt of Scrip elections 26 August 2016
Dividend payment/Scrip issue date 23 September 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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