SSE PLC Scrip Reference Price (7444H)
August 05 2021 - 9:33AM
UK Regulatory
TIDMSSE
RNS Number : 7444H
SSE PLC
05 August 2021
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 2021, payable on 23
September 2021, will be 1,475 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 2021, this was
the period 29 July to 4 August 2021.
If all of the Company's eligible shareholders as at the record
date of 30 July 2021 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 1,475 pence per share,
the maximum number of shares required to be issued by the Company,
for Scrip dividend purposes, would be 40,032,576 representing
approximately 3.8% of the Company's issued share capital (excluding
treasury shares) on the record date.
The exact number of shares which will require to be issued will
be established after 26 August 2021 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 Link Group and return their mandate forms to arrive
no later than 26 August 2021. Shareholders wishing to withdraw from
the Scrip Dividend Scheme should ensure their requests to withdraw
are lodged with Link Group to arrive no later than 26 August
2021.
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 2021
Ex-dividend date 29 July 2021
Record date 30 July 2021
Scrip reference price calculation period 29 July - 4 August 2021
Last date for receipt of Scrip elections 26 August 2021
Dividend payment/Scrip issue date 23 September 2021
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END
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