Scrip Reference Price

Source: RNS
RNS Number : 9893U
04 August 2022





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 final dividend for the year ending 31 March 2022, payable on 22 September 2022, will be 1,768 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 final dividend for the year ending 31 March 2022, this was the period 28 July to 3 August 2022.


If all of the Company's eligible shareholders as at the record date of 29 July 2022 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 1,768 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 36,354,532 representing approximately 3.3% 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 25 August 2022, 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 25 August 2022.  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 25 August 2022.


Shareholders who hold their shares in uncertificated form should consult their Crest sponsors as appropriate.


Scrip dividend timetable for the final dividend for the year ending 31 March 2022


Ex-dividend date                                                   28 July 2022


Record date                                                           29 July 2022


Scrip reference price calculation period            28 July - 3 August 2022


Last date for receipt of Scrip elections             25 August 2022


Dividend payment/Scrip issue date                  22 September 2022

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