REG - SSE Plc - Scrip Reference Price

SSEAnnouncement

19/01/2023 13:00

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RNS Number : 3054N  SSE PLC  19 January 2023

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 2023, payable on 9 March 2023, will be 1,689 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 2023, this was the period 12 to 18 January 2023.

 

If all of the Company's eligible shareholders as at the record date of 13
January 2023 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 1,689 pence per share, the maximum number of shares
required to be issued by the Company, for Scrip dividend purposes, would be
18,556,891 representing approximately 1.7% 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 10 February 2023, 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 Link Group and return their mandate forms to arrive no later than 10
February 2023.  Shareholders wishing to withdraw from the Scrip Dividend
Scheme should ensure their requests to withdraw are lodged with Link Group to
arrive no later than 10 February 2023.

 

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
2023

 

Ex-dividend date
      12 January 2023

 

Record date
         13 January 2023

 

Scrip reference price calculation period           12 - 18 January 2023

 

Last date for receipt of Scrip elections             10 February
2023

 

Dividend payment/Scrip issue date                  9 March
2023

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