OPG Power Ventures plc Timetable for Scrip Dividend Payment (3534V)
December 02 2019 - 7:51AM
UK Regulatory
TIDMOPG
RNS Number : 3534V
OPG Power Ventures plc
02 December 2019
2 December 2019
OPG Power Ventures plc
("OPG" or the "Company")
Timetable for Scrip Dividend Payment
OPG (AIM: OPG), the developer and operator of power generation
plants in India, has today confirmed the timetable for payment of
the scrip dividend announced on 1 August 2019.
As announced previously, OPG is paying a full year scrip
dividend of 0.6 pence per ordinary share in respect of FY19 (the
"Scrip Dividend"). This Scrip Dividend was approved by the Annual
General Meeting on 25 November 2019. Shareholders will receive
their dividends in the form of OPG new ordinary shares and the
entitlements will be rounded down in accordance with the Scrip
Dividend terms and conditions. There is no requirement for
shareholders to make an election to receive the Scrip Dividend as
there is no option to elect for a cash dividend.
The Scrip Dividend reference price will be calculated as the
average of the Company's closing middle market price, as derived
from the London Stock Exchange's Daily Official List, for the five
consecutive business days commencing on the ex-dividend date, being
8 November 2018.
A timetable for the key dates is set out below:
12 December 2019 Ex-dividend date
13 December 2019 Record date
19 December 2019 Scrip reference price announced
6 January 2020 New ordinary shares admitted to trading on
AIM
Scrip Dividend pay date
CREST accounts credited
Dispatch of Scrip certificates and statements
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
For further information, please visit www.opgpower.com or
contact:
+91 (0) 44 429
OPG Power Ventures PLC 11211
Arvind Gupta / Dmitri Tsvetkov
Cenkos Securities (Nominated Adviser +44 (0) 20 7397
& Broker) 8900
Russell Cook/ Stephen Keys
+44 (0) 20 7920
Tavistock (Financial PR) 3150
Simon Hudson / Barney Hayward / Nick
Elwes
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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