4th Aug 2010 16:32
SCOTTISH AND SOUTHERN ENERGY PLC
SCRIP DIVIDEND SCHEME
The Board of Scottish and Southern Energy 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 ended 31 March 2010, payable on 24 September 2010, will be 1,119 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 ended 31 March 2010, this was the period 28 July to 3 August 2010.
If all of the Company's eligible shareholders as at the record date of 30 July 2010 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 1,119 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 40,422,709, representing approximately 4.38% of the Company's issued share capital on the record date.
The exact number of shares which will require to be issued will be established after 27 August 2010, 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 Capita Registrars and return their mandate forms to Capita Registrars to arrive no later than 27 August 2010. Shareholders wishing to withdraw from the Scrip Dividend Scheme should ensure their requests to withdraw are lodged with Capita Registrars to arrive no later than 27 August 2010.
Scrip dividend timetable for final dividend for the year ended 31 March 2010
Ex-dividend date 28 July 2010
Record date 30 July 2010
Scrip reference price calculation period 28 July - 3 August 2010
Last date for receipt of Scrip elections 27 August 2010
Dividend payment/Scrip issue date 24 September 2010
Related Shares:
SSE