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.
Read the full notice here