SSE PLC Scrip Alternative (6400X)
30 Agosto 2022 - 4:43PM
UK Regulatory
TIDMSSE
RNS Number : 6400X
SSE PLC
30 August 2022
SSE PLC
FINAL DIVIDEND FOR THE YEAR ENDED 31 MARCH 2022
SCRIP ALTERNATIVE
SSE plc was notified on 29 August 2022 that a total of 26,101
shareholders have elected to receive the final dividend for the
year ended 31 March 2022 of 60.2 pence per ordinary share in
respect of 535,745,800 ordinary shares in the form of Scrip
dividend. This will result in a reduction in final dividend cash
funding of GBP322,518,972.
A total of 18,241,941 new ordinary shares, fully paid, will be
issued on 22 September 2022, representing an increase of 1.71% on
the issued share capital (excluding treasury shares) on the
dividend record date of 29 July 2022. The relevant Scrip Reference
Share Price was 1,768 pence per ordinary share.
In November 2021, as part of its fully funded Net Zero
Acceleration Programme, SSE announced that the existing scrip
dividend option for investors would be capped at 25% of investor
uptake, through a share buy-back. Following notification of the
final dividend elections SSE can confirm that overall scrip
dividend take-up for the financial year ended 31 March 2022 was
38.33%. SSE therefore intends to initiate a share buy-back, in the
period following the final dividend payment for the year ended 31
March 2022, in accordance with the authority granted by
shareholders at SSE's Annual General Meeting on 21 July 2022 and
Chapter 12 of the Listing Rules. The number of ordinary shares to
be purchased will not exceed 6,904,083 ordinary shares, and the
maximum pecuniary amount allocated to the Scrip buy-back is
GBP125,000,000. SSE intends to complete this process by 31 March
2023.
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END
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August 30, 2022 10:43 ET (14:43 GMT)
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