Update on Scrip Dividend

Good Energy announces that, in relation to the final dividend for the year ended 31 December 2016, it has received elections to accept the scrip dividend alternative from holders of 2,089,898 ordinary shares of 5p each (“Ordinary Shares”). Approximately 12.68% of the Ordinary Shares in issue on the record date elected for the scrip dividend option offered by the Company.

Accordingly, 22,071 new Ordinary Shares (“Scrip Dividend Shares”) will be issued in satisfaction of such elections at an equivalent price of 217.4p 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 20 July 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 20 July 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 16,506,774 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*

421

40,180

  0.24%

Francesca Ecsery

35

3,363

0.02%

Emma Tinker

16

1,477

0.01%

Stephen Rosser

7

643

0.004%

 

 

*incorporates 2,742 shares held by Mr Squires’ wife (including 29 Scrip Dividend Shares).