RNS Number : 2945O
Good Energy Group PLC
27 May 2015
 

27th May 2015

Good Energy Group PLC

("Good Energy" or the "Company")

 

Update on Scrip Dividend and Directors' dealings

Good Energy announces the following in relation to the ordinary share capital of the Company:

Elections to accept the scrip dividend alternative with regard to the final dividend for the year ended 31 December 2014 were received from holders of 790,401 ordinary shares of 5p each ("Ordinary Shares"), in aggregate, representing approximately 5.28% of the Ordinary Shares in issue on 24 April 2015, being the record date for the final dividend.

Accordingly, 7,566 new Ordinary Shares have been issued in satisfaction of such elections at an equivalent price of 234.7p each (the "Scrip Dividend Shares"), increasing the issued Ordinary Share capital of the Company to 14,966,599 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 final dividend, payable on 29 May 2015, will be 234.7 p 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 during the period of five dealing days commencing on the ex-dividend date (23 April 2015).

The Directors elections and resulting holdings are as follows (if applicable):

Director

Number of scrip dividend shares

Ordinary shares following scrip dividend

Holding in Company %

Rick Squires

352

36,352

0.24%

Application has been made for the 7,566 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 become effective and dealings will commence on 1 June 2015.

Following admission, the enlarged issued share capital of Good Energy with voting rights attached will consist of 14,966,599 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 14,966,599 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 final dividend is set out below:

27 May 2015

Posting of dividend cheques and tax vouchers

28 May 2015

Issue and allotment of ordinary shares as scrip dividend

28 May 2015
Posting of share certificates
29 May 2015 Dividend payment date

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For further information, please contact:

 

Good Energy Group PLC

01249 766795

Juliet Davenport, Chief Executive

 

Denise Cockrem, Chief Financial Officer

 

 

 

Arden Partners plc (Nomad & Broker)

012 1423 8900

Steve Douglas

 

Michael McNeilly

 

 

 

Camarco (Financial PR Adviser)

020 3757 4980

Geoffrey Pelham-Lane, Billy Clegg, Georgia Mann

 

 

 

Good Energy Press Office      

01249 765540

Gill Dickinson

 

 

Notes to editors

- Good Energy is a fast-growing 100% renewable electricity supply company, offering value for money and 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. 

 

- Good Energy matches over the course of a year all the electricity its customers use with power from renewable sources.

 

- 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 four years. Good Energy's dual fuel tariff is cheaper on average than the standard tariffs sold by the 'Big 6' before discounts. 

 

- It now has more than 51,500 renewable electricity customers and 25,000 gas customers. It works with a community of 76,000 small and medium scale renewable electricity generators (All figures as at 31 Dec 2014).

 

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

 

 


This information is provided by RNS
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