Good Energy Group PLC ("Good Energy" or "the Company")

Update on Scrip Dividend

 

Good Energy announces that, in relation to the interim dividend for the period to 30 June 2017, it has received elections to accept the scrip dividend alternative from holders of 2,118,676 ordinary shares of 5p each ("Ordinary Shares"). Approximately 12.8% of the Ordinary Shares in issue on the record date elected for the scrip dividend option offered by the Company.

 

Accordingly, 10,386 new Ordinary Shares ("Scrip Dividend Shares") will be issued in satisfaction of such elections at an equivalent price of 209.5p each.

 

The Scrip Dividend Shares will rank pari passu with the Company's existing issued Ordinary Shares and will be issued and allotted on the Dividend Payment Date, being 2 November 2017. The Company will apply for the Scrip Dividend Shares to be admitted to trading on AIM with dealings expected to commence on or around 2 November 2017. Share certificates and scrip dividend vouchers for the Scrip Dividend Shares will be posted on the same date.

 

Following the allotment, issue and admission of the Scrip Dividend Shares, the enlarged issued share capital of Good Energy with voting rights attached will consist of 16,517,160 Ordinary Shares with one vote per Ordinary Share. There are no shares held in Treasury. Accordingly, this is the figure to 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.

 

Good Energy has received elections for the scrip dividend alternative from individuals it considers to be persons discharging managerial responsibility. The individuals, resulting Scrip Dividend Shares, aggregate number of Ordinary Shares held by relevant individuals and their related parties (as defined in the AIM rules) and their aggregate percentage holdings in Good Energy are set out below:

 

 

DIRECTOR/PDMR	Number of Scrip Dividend Shares	Ordinary Shares following scrip dividend	% holding in Company
Richard Squires*	191	40,371	0.24%
Francesca Ecsery	17	3,380	0.02%
Emma Tinker	7	1,484	0.01%
Stephen Rosser	3	646	0.004%

 

 

*incorporates 2,755 shares held by Mr Squires' wife (including 13 Scrip Dividend Shares).

 

 

Enquiries:

 

Good Energy Group PLC                                                                                                             +44 (0) 1249 766 795

Juliet Davenport, Chief Executive Officer

Denise Cockrem, Chief Financial Officer

Stephen Rosser, Company Secretary

 

Investec Bank plc                                                                                                                          +44 (0) 207 597 4000

Jeremy Ellis

Sara Hale

 

Smithfield Consultants                                                                                                                +44 (0) 20 3047 2476

Alex Simmons

 

Notes to editors:

 

·      Good Energy is a fast-growing green energy company, generating and selling 100% renewable electricity and green gas to households and businesses across the UK.

 

·      An AIM-listed PLC, and founding member of the Social Stock Exchange, Good Energy's purpose is to support change in the energy market, address climate change and boost energy security.

 

·      The Company has been awarded 4 out of 5 stars by Which? for customer service in 2016 and 2017 (no energy supplier was awarded 5 stars), and has been awarded a Best Buy by Ethical Consumer magazine.

 

·      As at 30 June 2017, Good Energy reported 71,150 renewable electricity customers and 42,750 carbon neutral gas customers. It also provides Feedin Tariff administration services to 137,900 sites, bringing the total number of customers to 251,800.

 

·      Good Energy is the owner of Delabole Wind Farm, the UK's first commercial onshore wind farm and owns and operates Hampole Wind Farm, near Doncaster. The Company also owns and operates eight solar farms.

 

·      Good Energy received an average customer advocacy of 45. A net promoter score is an index ranging from -100 to 100 that measures the willingness of customers to recommend a company's products or services to others. It is used as a proxy for gauging the customer's overall satisfaction with a company's product or service and the customer's loyalty to the brand.

 

·      Good Energy has won a number of awards, including Renewable Energy Association Company of the Year Award 2016, Business Green Company of the Year 2015, and was named Social Impact Company of the Year at the 2014 and 2015 Small Cap awards.

 

________________________________________________________________

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Squires
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Good Energy Group PLC
b)	LEI	549300RDCDCDNGLJB833
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Ordinary Shares, 5p       GOOD
b)	Nature of the transaction	Scrip Dividend Issue
c)	Price(s) and volume(s)	Price(s)   Volume(s) 209.5p 191
d)	Aggregated information     - Aggregated volume     - Price	191     £400.15
e)	Date of the transaction	2 November 2017
f)	Place of the transaction

 

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Francesca Ecsery
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Good Energy Group PLC
b)	LEI	549300RDCDCDNGLJB833
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Ordinary Shares, 5p       GOOD
b)	Nature of the transaction	Scrip Dividend Issue
c)	Price(s) and volume(s)	Price(s)   Volume(s) 209.5p 17
d)	Aggregated information     - Aggregated volume     - Price	17     £35.62
e)	Date of the transaction	2 November 2017
f)	Place of the transaction

 

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Emma Tinker
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Good Energy Group PLC
b)	LEI	549300RDCDCDNGLJB833
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Ordinary Shares, 5p       GOOD
b)	Nature of the transaction	Scrip Dividend Issue
c)	Price(s) and volume(s)	Price(s)   Volume(s) 209.5p 7
d)	Aggregated information     - Aggregated volume     - Price	7     £14.67
e)	Date of the transaction	2 November 2017
f)	Place of the transaction

 

 

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Rosser
2	Reason for the notification
a)	Position/status	Person discharging managerial responsibility
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Good Energy Group PLC
b)	LEI	549300RDCDCDNGLJB833
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Ordinary Shares, 5p       GOOD
b)	Nature of the transaction	Scrip Dividend Issue
c)	Price(s) and volume(s)	Price(s)   Volume(s) 209.5p 3
d)	Aggregated information     - Aggregated volume     - Price	3     £6.29
e)	Date of the transaction	2 November 2017
f)	Place of the transaction