REG - Good Energy Group - Scrip Dividend Elections

Good EnergyAnnouncement

06/07/2022 09:30

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RNS Number : 5007R  Good Energy Group PLC  06 July 2022

Good Energy Group PLC

("Good Energy" or the "Company")

Scrip Dividend Elections

Good Energy announces that it has received elections to accept a scrip
dividend alternative from the holders of 6,208,772 ordinary shares of 5p each
("Ordinary Shares") in relation to the final dividend for the period to 31
December 2021.  This accounts for 36.9% of the 16,812,540 Ordinary Shares in
issue on 10 June 2022 (the "Record Date").

Pursuant to an ordinary resolution of the members of the Company passed on 13
June 2019 the directors were authorised to operate a scrip dividend scheme.
As a result, in accordance with Article 143 of the Company's Articles of
Association, 40,808 new Ordinary Shares ("Scrip Dividend Shares") will be
issued in satisfaction of such elections at an equivalent price of 274p each.

The Scrip Dividend Shares will rank pari passu with the Company's existing
issued Ordinary Shares.  An application has been made to AIM to admit the
Scrip Dividend Shares. Dealings in the Scrip Dividend Shares are expected to
commence on or around 13 July 2022.  Share certificates and scrip dividend
vouchers for the Scrip Dividend Shares will be posted on the same date.

Following the admission of the Scrip Dividend Shares, the enlarged issued
share capital of Good Energy will consist of 16,853,348 Ordinary Shares.
 There are no shares held in Treasury. This is, therefore, the figure to 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.

 

Enquiries

 Good Energy Group PLC
 Nigel Pocklington, Chief Executive                                       Email: press@goodenergy.co.uk (mailto:press@goodenergy.co.uk)

 Charlie Parry, Director of Corporate Strategy & Investor Relations

 Luke Bigwood, Director of External Affairs

 SEC Newgate
 Elisabeth Cowell / Molly Gretton                                         Email: GoodEnergy@secnewgate.co.uk (mailto:GoodEnergy@secnewgate.co.uk)

                                                                          Tel: +44 (0)7900 248213

 Investec Bank plc (Nominated Adviser and Joint Broker)
 Sara Hale / Jeremy Ellis                                                 Tel: +44 (0) 20 7597 5970

 Canaccord Genuity Limited (Joint Broker)
 Henry Fitzgerald - O'Connor                                              Tel: +44 (0) 20 7523 4617

 

About Good Energy - www.goodenergy.co.uk (http://www.goodenergy.co.uk/)

Good Energy is a supplier of 100% renewable power and an innovator in energy
services.  It has long term Power Purchase Agreements with a community of
1,900 independent UK generators.

Since it was founded 20 years ago, the company has been at the forefront of
the charge towards a cleaner, distributed energy system.  Its mission is to
power a cleaner, greener world and make it simple to generate, share, store,
use and travel by clean power.  Its ambition is to support one million homes
and businesses to cut carbon from their energy and transport used by 2025.

Good Energy is recognised as a leader in this market, through our green kite
accreditation with the London Stock Exchange and as the only energy supplier
with Gold Standard Uswitch Green Tariff Accreditation for all tariffs.

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