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SSE PLC issued an amendment on 14 February 2023, correcting its interim dividend rate from 0.29 pence to 29 pence per ordinary share for the year ended 31 March 2023. 25,835 shareholders elected to receive this 29 pence per share interim dividend for 548,180,093 ordinary shares in scrip form, reducing cash funding by £158,972,227. As a result, 9,413,103 new ordinary shares will be issued on 9 March 2023, representing a 0.87% increase in issued share capital based on the 13 January 2023 record date.
| Date | 14 Feb 2023 |
| Time | 13:07:55 |
| Category | Capital structure |
| ID | 9025P |
SSE PLC
GENERAL TEXT AMENDMENT
The following amendment has been made to the 'Interim Dividend Scrip Alternative' announcement released on 13 February 2023 at 1636hrs under RNS No 7716P.
The announcement quoted the dividend rate as being 0.29 pence per ordinary share - this should read 29 pence per ordinary share.
All other details remain unchanged.
The full amended text is shown below.
INTERIM DIVIDEND FOR THE YEAR ENDED 31 MARCH 2023 - REPLACEMENT
SCRIP ALTERNATIVE
SSE plc was notified on 13 February 2023 that a total of 25,835 shareholders have elected to receive the interim dividend for the year ended 31 March 2023 of 29 pence per ordinary share in respect of 548,180,093 ordinary shares in the form of Scrip dividend. This will result in a reduction in interim dividend cash funding of £158,972,227.
A total of 9,413,103 new ordinary shares, fully paid, will be issued on 9 March 2023, representing an increase of 0.87% on the issued share capital (excluding treasury shares) on the dividend record date of 13 January 2023. The relevant Scrip Reference Share Price was 1,689 pence per ordinary share.