REG - SSE Plc - Scrip Reference Price

SSEAnnouncement

03/08/2023 15:30

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RNS Number : 2658I  SSE PLC  03 August 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 final dividend for the year
ending 31 March 2023, payable on 21 September 2023, will be 1,676 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 ending
31 March 2023, this was the period 27 July to 2 August 2023.

 

If all of the Company's eligible shareholders as at the record date of 28 July
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 1,676 pence per share, the maximum number of shares required to be issued
by the Company, for Scrip dividend purposes, would be 44,043,635 representing
approximately 4% 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 24 August 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 24
August 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 24 August 2023.

 

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
2023

 

Ex-dividend
date
27 July 2023

 

Record
date
28 July 2023

 

Scrip reference price calculation period            27 July - 2
August 2023

 

Last date for receipt of Scrip elections             24 August
2023

 

Dividend payment/Scrip issue date                  21
September 2023

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