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 2021, payable on 23 September 2021, will be 1,475 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 2021, this was the period 29 July to 4 August 2021.
If all of the Company's eligible shareholders as at the record date of 30 July 2021 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 1,475 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 40,032,576 representing approximately 3.8% 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 26 August 2021 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 26 August 2021. 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 26 August 2021.
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 2021
Ex-dividend date 29 July 2021
Record date 30 July 2021
Scrip reference price calculation period 29 July - 4 August 2021
Last date for receipt of Scrip elections 26 August 2021
Dividend payment/Scrip issue date 23 September 2021