REG - SSE Plc - Scrip Dividend Scheme

SSEAnnouncement

01/08/2024 11:45

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RNS Number : 8234Y  SSE PLC  01 August 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 final dividend for the year
ended 31 March 2024, payable on 19 September 2024, will be 1,848 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 ended
31 March 2024, this was the period 25 to 31 July 2024.

 

If all of the Company's eligible shareholders as at the record date of 26 July
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 1,848 pence per share, the maximum number of shares required to be issued
by the Company, for Scrip dividend purposes, would be 23,668,338 representing
approximately 2.2% of the Company's issued share capital (excluding treasury
shares) on the record date.

 

The exact number of shares required to be issued will be established after 22
August 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 22 August 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 22 August
2024.

 

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
2024

 

Ex-dividend
date
25 July 2024

 

Record
date
26 July 2024

 

Scrip reference price calculation period            25 - 31 July
2024

 

Last date for receipt of Scrip elections             22 August
2024

 

Dividend payment/Scrip issue date                  19
September 2024

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