Good Energy Group - Scrip Dividend Elections
RNS Number : 5007R
Good Energy Group PLC
06 July 2022

Good Energy Group PLC

("Good Energy" or the "Company")

Scrip Dividend Elections

Good Energy announces that it has received elections to accept a scrip dividend alternative from the holders of 6,208,772 ordinary shares of 5p each ("Ordinary Shares") in relation to the final dividend for the period to 31 December 2021.  This accounts for 36.9% of the 16,812,540 Ordinary Shares in issue on 10 June 2022 (the "Record Date").

Pursuant to an ordinary resolution of the members of the Company passed on 13 June 2019 the directors were authorised to operate a scrip dividend scheme.  As a result, in accordance with Article 143 of the Company's Articles of Association, 40,808 new Ordinary Shares ("Scrip Dividend Shares") will be issued in satisfaction of such elections at an equivalent price of 274p each.

The Scrip Dividend Shares will rank pari passu with the Company's existing issued Ordinary Shares.  An application has been made to AIM to admit the Scrip Dividend Shares. Dealings in the Scrip Dividend Shares are expected to commence on or around 13 July 2022.  Share certificates and scrip dividend vouchers for the Scrip Dividend Shares will be posted on the same date.

Following the admission of the Scrip Dividend Shares, the enlarged issued share capital of Good Energy will consist of 16,853,348 Ordinary Shares.  There are no shares held in Treasury. This is, therefore, 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 Group PLC

Nigel Pocklington, Chief Executive

Charlie Parry, Director of Corporate Strategy & Investor Relations

Luke Bigwood, Director of External Affairs



SEC Newgate

Elisabeth Cowell / Molly Gretton


Tel: +44 (0)7900 248213

Investec Bank plc (Nominated Adviser and Joint Broker)

Sara Hale / Jeremy Ellis

Tel: +44 (0) 20 7597 5970

Canaccord Genuity Limited (Joint Broker)

Henry Fitzgerald - O'Connor

Tel: +44 (0) 20 7523 4617


About Good Energy -

Good Energy is a supplier of 100% renewable power and an innovator in energy services.  It has long term Power Purchase Agreements with a community of 1,900 independent UK generators.

Since it was founded 20 years ago, the company has been at the forefront of the charge towards a cleaner, distributed energy system.  Its mission is to power a cleaner, greener world and make it simple to generate, share, store, use and travel by clean power.  Its ambition is to support one million homes and businesses to cut carbon from their energy and transport used by 2025.

Good Energy is recognised as a leader in this market, through our green kite accreditation with the London Stock Exchange and as the only energy supplier with Gold Standard Uswitch Green Tariff Accreditation for all tariffs.

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