Good Energy Group PLC Update on Scrip Dividend (5145M)
14 October 2016 - 5:00PM
UK Regulatory
TIDMGOOD
RNS Number : 5145M
Good Energy Group PLC
14 October 2016
14 October 2016
Good Energy Group PLC
("Good Energy" or "the Company")
Update on Scrip Dividend
Good Energy which supplies and generates 100% renewable
electricity and carbon neutral gas to UK homes and businesses
announces the following in relation to the ordinary share capital
of the Company:
Elections to accept the scrip dividend alternative with regard
to the interim dividend for the year ending 31 December 2016 have
been received from holders of 2,018,579 ordinary shares of 5p each
("Ordinary Shares"), in aggregate, representing approximately
12.25% of the Ordinary Shares in issue on 23 September 2016, being
the record date for the interim dividend.
Accordingly, 7,361 new Ordinary Shares will be issued in
satisfaction of such elections at an equivalent price of 250.90p
each ("Scrip Dividend Shares"), increasing the issued Ordinary
Share capital of the Company to 16,484,703 Ordinary Shares. Good
Energy confirms that the scrip dividend reference price for the
fully paid Ordinary Shares to be issued to shareholders electing to
receive the scrip dividend alternative for the interim dividend,
payable on 19 October 2016, will be 250.90p per share.
The scrip reference price was calculated from the average of the
middle market quotations for an Ordinary Share in the Company as
derived from the Daily Official List of the London Stock Exchange
during the period of five dealing days commencing on the
ex-dividend date (22 September 2016).
The Directors' elections and resulting holdings are as follows
(if applicable):
Director Number of Ordinary Shares Holding
scrip dividend following scrip in company
shares dividend %
Ms Francesca
Ecsery 12 3328 0.02%
Mr Richard Squires 147 37046 0.22%
Mrs Emma Tinker 5 1461 0.01%
Application has been made for the 7,361 Scrip Dividend Shares,
which will rank pari passu with the Company's existing issued
Ordinary Shares, to be admitted to trading on AIM. It is expected
that admission will be effective on 18 October and dealings will
commence on 19 October 2016.
Following admission, the enlarged issued share capital of Good
Energy with voting rights attached will consist of 16,484,703
Ordinary Shares with one vote per Ordinary Share. There are no
shares held in Treasury. The total number of voting rights in Good
Energy is therefore 16,484,703 which is the figure that may be used
by shareholders (and others with notification obligations) as the
denominator for the calculations by which they will determine
whether they are required to notify their interest, or a change to
their interest, in Good Energy.
The expected timetable for payment of the interim dividend is as
follows:
17 October 2016: Posting of dividend cheques and tax vouchers
18 October 2016: Issue and allotment of ordinary shares as scrip dividend
18 October 2016: Posting of share certificates
19 October 2016: Dividend payment date
[Ends]
For further information, please contact:
Good Energy Group PLC Tel. +44 (0)1249 766795
Juliet Davenport, Chief Executive
Denise Cockrem, Chief Financial Officer
Arden Partners plc (Nomad) Tel: +44 (0)121 423 8900
Steve Douglas, Patrick Caulfield
Camarco (Financial PR Adviser) Tel: +44 (0)20 3757 4980
Geoffrey Pelham-Lane, Georgia Mann
Good Energy Press Office Tel: +44 (0)1249 478358
Luke Bigwood
Notes to editors
Good Energy is a fast-growing 100% renewable electricity and
green gas company, offering award-winning customer service.
An AIM-listed PLC, and founder member of the Social Stock
Exchange, its mission is to support change in the energy market,
address climate change and boost energy security.
The company has consistently performed well in the annual Which?
energy company customer satisfaction survey, winning first or
second place in each of the last five years.
It now has 72,500 renewable electricity customers and 43,000 gas
customers. It also provides Feed-in Tariff administrative services
to 124,500 sites. (All figures as at 30 June 2016.)
Good Energy is the owner of Delabole Wind Farm, the UK's first
commercial wind farm, and owns and operates Hampole Wind Farm, near
Doncaster. The company also owns and operates seven solar
farms.
Good Energy has won a number of awards including Renewable
Energy Association Company of the Year Award 2016, BusinessGreen
Company of the Year Award 2015, and, was named Social Impact
Company of the Year at the 2014 and 2015 Small Cap awards.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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