Non-Discretionary Share Buyback Programme
Source: RNSAnnouncement of Non-Discretionary Share Buyback Programme
SSE plc (the "Company") announces in compliance with the EU Market Abuse Regulation that it has instructed Credit Suisse Securities (Europe) Limited in relation to an irrevocable, non-discretionary programme to repurchase its ordinary shares for cancellation up to the value of £50 million in total between 6 August 2019 and 30 September 2019 (the 'Programme'). These arrangements have been established to complete the Company's £200m capital return programme announced on 1 February 2019.
Any share purchases under the Programme will be effected within certain pre-set parameters, and in accordance with the Company's share buyback authority granted by shareholders at the Company's Annual General Meeting on 18 July 2019 (being 103,475,152 shares), the EU Market Abuse Regulation and Chapter 12 of the UK Listing Rules. The Company confirms that it currently has no inside information.
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