REG - Good Energy Group - Scrip Dividend Elections

Good EnergyAnnouncement

18/10/2023 15:00

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RNS Number : 5695Q  Good Energy Group PLC  18 October 2023

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 2,052,246 ordinary shares of 5p each
("Ordinary Shares") in relation to the interim dividend for the period to 30
June 2023.  This accounts for 12.2% of the 16,882,002 Ordinary Shares in
issue on 29 September 2023 (the "Record Date").

Pursuant to the Company's existing authorities, 12,128 new Ordinary Shares
("Scrip Dividend Shares") will be issued in satisfaction of such elections at
an equivalent price of 170.5p 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 27 October 2023.  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 16,894,130 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

 Ian McKee, Head of Communications
 SEC Newgate UK                                                           Email: GoodEnergy@secnewgate.co.uk (mailto:GoodEnergy@secnewgate.co.uk)
 Elisabeth Cowell / Molly Gretton                                         Tel: +44 (0)7900 248213
 Investec Bank plc (Nominated Adviser and Joint Broker)
 Henry Reast / James Rudd / Maria Gomez de Olea                           Tel: +44 (0) 20 7597 5970
 Canaccord Genuity Limited (Joint Broker)
 Henry Fitzgerald - O'Connor / Harry Rees                                  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 1,700
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 green kite
accreditation with the London Stock Exchange, Which? Eco Provider status and
Gold Standard Uswitch Green Tariff Accreditation for all tariffs.

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