OPG Opg Power Ventures Plc

TIDMOPG

RNS Number : 3534V

OPG Power Ventures plc

02 December 2019

2 December 2019

OPG Power Ventures plc

("OPG" or the "Company")

Timetable for Scrip Dividend Payment

OPG (AIM: OPG), the developer and operator of power generation plants in India, has today confirmed the timetable for payment of the scrip dividend announced on 1 August 2019.

As announced previously, OPG is paying a full year scrip dividend of 0.6 pence per ordinary share in respect of FY19 (the "Scrip Dividend"). This Scrip Dividend was approved by the Annual General Meeting on 25 November 2019. Shareholders will receive their dividends in the form of OPG new ordinary shares and the entitlements will be rounded down in accordance with the Scrip Dividend terms and conditions. There is no requirement for shareholders to make an election to receive the Scrip Dividend as there is no option to elect for a cash dividend.

The Scrip Dividend reference price will be calculated as the average of the Company's closing middle market price, as derived from the London Stock Exchange's Daily Official List, for the five consecutive business days commencing on the ex-dividend date, being 8 November 2018.

A timetable for the key dates is set out below:

 
 12 December 2019   Ex-dividend date 
 13 December 2019   Record date 
 19 December 2019   Scrip reference price announced 
 6 January 2020     New ordinary shares admitted to trading on 
                     AIM 
                     Scrip Dividend pay date 
                     CREST accounts credited 
                     Dispatch of Scrip certificates and statements 
 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

For further information, please visit www.opgpower.com or contact:

 
                                         +91 (0) 44 429 
 OPG Power Ventures PLC                   11211 
 Arvind Gupta / Dmitri Tsvetkov 
 
 Cenkos Securities (Nominated Adviser    +44 (0) 20 7397 
  & Broker)                               8900 
 Russell Cook/ Stephen Keys 
 
                                         +44 (0) 20 7920 
 Tavistock (Financial PR)                 3150 
 Simon Hudson / Barney Hayward / Nick 
  Elwes 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 02, 2019 07:51 ET (12:51 GMT)

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