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 2024, payable on 8 March 2024, will be 1,779 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 2024, this was the period 11 to 17 January 2024.
If all of the Company's eligible shareholders as at the record date of 12 January 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 1,779 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 12,286,670 representing approximately 1.1% 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 9 February 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 9 February 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 9 February 2024.
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 2024
Ex-dividend date 11 January 2024
Record date 12 January 2024
Scrip reference price calculation period 11 - 17 January 2024
Last date for receipt of Scrip elections 9 February 2024
Dividend payment/Scrip issue date 8 March 2024
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