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 2023, payable on 9 March 2023, will be 1,689 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 2023, this was the period 12 to 18 January 2023.
If all of the Company's eligible shareholders as at the record date of 13 January 2023 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 1,689 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 18,556,891 representing approximately 1.7% 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 10 February 2023, 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 10 February 2023. 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 10 February 2023.
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 2023
Ex-dividend date 12 January 2023
Record date 13 January 2023
Scrip reference price calculation period 12 - 18 January 2023
Last date for receipt of Scrip elections 10 February 2023
Dividend payment/Scrip issue date 9 March 2023