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SSE PLC's Board confirmed a Scrip reference price of 1,611 pence per share for the interim dividend for the year ending 31 March 2025, which is payable on 27 February 2025. This price was calculated based on the average mid-market closing price between 02 and 08 January 2025. If all eligible shareholders elect by the 31 January 2025 deadline, a maximum of 14,521,560 new shares, representing approximately 1.3% of the company's issued share capital, would be issued.
| Date | 9 Jan 2025 |
| Time | 10:36:40 |
| Category | Capital structure |
| ID | 7696S |
SSE PLC
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 2025, payable on 27 February 2025, will be 1,611 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 2025, this was the period 02 to 08 January 2025.
If all of the Company's eligible shareholders as at the record date of 03 January 2025 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 1,611 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 14,521,560 representing approximately 1.3% of the Company's issued share capital (excluding treasury shares) on the record date.
The exact number of shares required to be issued will be established after 31 January 2025, 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 Computershare Investor Services PLC and return their mandate forms to arrive no later than 31 January 2025. Shareholders wishing to withdraw from the Scrip Dividend Scheme should ensure their requests to withdraw are lodged with Computershare Investor Services PLC to arrive no later than 31 January 2025.
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 2025
Ex-dividend date 02 January 2025
Record date 03 January 2025
Scrip reference price calculation period 02 - 08 January 2025
Last date for receipt of Scrip elections 31 January 2025
Dividend payment/Scrip issue date 27 February 2025