REG - SSE Plc - Scrip Alternative

SSEAnnouncement

18/01/2024 12:45

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RNS Number : 1868A  SSE PLC  18 January 2024

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 interim dividend for the year
ending 31 March 2024, payable on 8 March 2024, will be 1,779 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 interim dividend for the year
ending 31 March 2024, this was the period 11 to 17 January 2024.

 

If all of the Company's eligible shareholders as at the record date of 12
January 2024 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 1,779 pence per share, the maximum number of shares
required to be issued by the Company, for Scrip dividend purposes, would be
12,286,670 representing approximately 1.1% 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 9 February 2024, 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 Computershare Investor Services PLC and return their mandate forms to
arrive no later than 9 February 2024.  Shareholders wishing to withdraw from
the Scrip Dividend Scheme should ensure their requests to withdraw are lodged
with Computershare Investor Services PLC to arrive no later than 9 February
2024.

 

Shareholders who hold their shares in uncertificated form should consult their
Crest sponsors as appropriate.

 

Scrip dividend timetable for the interim dividend for the year ending 31 March
2024

 

Ex-dividend
date
11 January 2024

 

Record
date
12 January 2024

 

Scrip reference price calculation period            11 - 17 January
2024

 

Last date for receipt of Scrip elections             9 February
2024

 

Dividend payment/Scrip issue date                  8 March
2024

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