REG - OPG Power Ventures - Timetable for Scrip Dividend Payment

OPG Power VenturesAnnouncement

02/12/2019 12:55

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:
 



OPG Power Ventures PLC


+91 (0) 44 429 11211




Arvind Gupta / Dmitri Tsvetkov


















Cenkos Securities (Nominated Adviser & Broker)


+44 (0) 20 7397 8900




Russell Cook/ Stephen Keys


















Tavistock (Financial PR)


+44 (0) 20 7920 3150




Simon Hudson / Barney Hayward / Nick Elwes







 




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