REG - SSE Plc - SSE PLC SCRIP DIVIDEND SCHEME <Origin Href="QuoteRef">SSE.L</Origin>

SSEAnnouncement

06/09/2014 22:39

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RNS Number : 7588N
SSE PLC
30 July 2014 
 
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 2014, payable on 19  September 2014, will be 1,477 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 2014, this was the period 23 July to 29 July 2014 inclusive. 
 
If all of the Company's eligible shareholders as at the record date of 25 July
2014 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 1,477 pence per share, the maximum number of shares required to be issued
by the Company, for Scrip dividend purposes, would be 40,069,492, representing
approximately 4.11% of the Company's issued share capital on the record date. 
 
The exact number of shares which will require to be issued will be established
after 22 August 2014, 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 Capita Registrars and return their mandate forms to Capita Registrars
to arrive no later than 22  August 2014.  Shareholders wishing to withdraw
from the Scrip Dividend Scheme should ensure their requests to withdraw are
lodged with Capita Registrars to arrive no later than 22 August 2014. 
 
Scrip dividend timetable for the final dividend for the year ended 31 March
2014 
 
Ex-dividend date                                                    23 July
2014 
 
Record date                                                           25 July
2014 
 
Scrip reference price calculation period              23 July - 29 July 2014 
 
Last date for receipt of Scrip elections               22 August 2014 
 
Dividend payment/Scrip issue date                    19 September 2014 
 
This information is provided by RNS
The company news service from the London Stock Exchange