Good Energy Group PLC Update on Scrip Dividend (6028D)
July 07 2016 - 11:49AM
UK Regulatory
TIDMGOOD
RNS Number : 6028D
Good Energy Group PLC
07 July 2016
07 July 2016
Good Energy Group PLC
("Good Energy" or "the Company")
Update on Scrip Dividend
Good Energy announces the following in relation to the ordinary
share capital of the Company:
Elections to accept the scrip dividend alternative with regard
to the final dividend for the year ending 31 December 2015 have
been received from holders of 1,022,138 ordinary shares of 5p each
("Ordinary Shares"), in aggregate, representing approximately 6.83%
of the Ordinary Shares in issue on 2 June 2016, being the record
date for the final dividend.
Accordingly, 10,763 new Ordinary Shares will be issued in
satisfaction of such elections at an equivalent price of 217.5p
each ("Scrip Dividend Shares"), increasing the issued Ordinary
Share capital of the Company to 16,477,342 Ordinary Shares. Good
Energy confirms that the scrip dividend reference price for the
fully paid Ordinary Shares to be issued to shareholders electing to
receive the scrip dividend alternative for the final dividend,
payable on 8 July 2016, will be 217.5p per share.
The scrip reference price was calculated from the average of the
middle market quotations for an Ordinary Share in the Company as
derived from the Daily Official List of the London Stock Exchange
during the period of five dealing days commencing on the
ex-dividend date (2 June 2016).
The Directors' elections and resulting holdings are as follows
(if applicable):
Director Number of scrip dividend shares Ordinary Shares following scrip dividend Holding in company %
26 2,436 0.01%
Francesca Ecsery
Richard Squires 386 36,899 0.22%
Application has been made for the 10,763 Scrip Dividend Shares,
which will rank pari passu with the Company's existing issued
Ordinary Shares, to be admitted to trading on AIM. It is expected
that admission will be effective on 13 July 2016 and dealings will
also commence on 13 July 2016. Good Energy has extended the
timetable for the issue and allotment of ordinary shares under the
scrip dividend scheme to meet the admission requirements for
trading of new shares on AIM.
The expected timetable for payment of the final dividend is as
follows:
8 July 2016 Dividend payment date
12 July 2016 Issue and allotment of
ordinary shares as scrip
dividend
12 July 2016 Posting of share certificates
and scrip dividend vouchers
13 July 2016 Admission of shares to
trading on AIM
Following admission, the enlarged issued share capital of Good
Energy with voting rights attached will consist of 16,477,342
Ordinary Shares with one vote per Ordinary Share. There are no
shares held in Treasury. The total number of voting rights in Good
Energy is therefore 16,477,342 which is the figure that may be used
by shareholders (and others with notification obligations) as the
denominator for the calculations by which they will determine
whether they are required to notify their interest, or a change to
their interest, in Good Energy.
(ends)
For further information
please contact:
Arden Partners plc (Nomad) 0121 423 8900
Steve Douglas
Patrick Caulfield
Camarco (Financial PR
Adviser) 020 3757 4980
Geoffrey Pelham-Lane
Georgia Mann
Good Energy Press Office 01249 478 358
Luke Bigwood
Notes to editors
- Good Energy is a fast-growing 100% renewable electricity
supply and generation company, offering award-winning customer
service.
- An AIM-listed PLC, and founder member of the Social Stock
Exchange, its mission is to support change in the energy market,
address climate change and boost energy security.
- The company has consistently performed well in the annual
Which? energy company customer satisfaction survey, winning first
or second place in each of the last four years.
- It now has more than 68,000 renewable electricity customers
and 38,800 gas customers. It also provides Feed-in Tariff
administrative services to more than 112,600 sites. (All figures as
at 31 December 2015.)
- Good Energy is the owner of Delabole Wind Farm, the UK's first
commercial wind farm, and owns and operates Hampole Wind Farm, near
Doncaster. The company also owns and operates seven solar
farms.
- Good Energy has won a number of awards including Renewable
Energy Association Company of the Year Award 2016, Business Green
Company of the Year 2015, and, for the second year running, Small
Cap Awards - Social Impact Company of the Year.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DIVUBSVRNVABRAR
(END) Dow Jones Newswires
July 07, 2016 11:49 ET (15:49 GMT)