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GOOD Good Energy Group Plc

253.50
1.50 (0.60%)
Last Updated: 12:43:46
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Good Energy Group Plc LSE:GOOD London Ordinary Share GB0033600353 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.50 0.60% 253.50 252.00 255.00 253.50 252.50 253.00 75,795 12:43:46
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 254.7M 8.49M 0.5112 4.96 42.1M

Good Energy Group PLC Update on Scrip Dividend - replacement (7312L)

21/07/2017 8:50am

UK Regulatory


Good Energy (LSE:GOOD)
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RNS Number : 7312L

Good Energy Group PLC

21 July 2017

Good Energy Group PLC

("Good Energy" or "the Company")

Update on Scrip Dividend

The following replaces the update on scrip dividend announcement released on 14/7/17 at 07:00 under RNS number 0558L. This version includes previously omitted PDMR details. The full amended release appears below.

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         Ordinary            % holding 
                      Scrip Dividend    Shares following    in Company 
                      Shares            scrip dividend 
 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). 
 
 
 
  Enquiries: 
                                                +44 (0) 1249 766 
Good Energy Group PLC                                        795 
Juliet Davenport, Chief Executive Officer 
Denise Cockrem, Chief Financial Officer 
Stephen Rosser, Company Secretary 
 
Smithfield Consultants                      +44 (0) 20 3047 2476 
Alex Simmons 
Brett Jacobs 
 
Arden Partners plc                          +44 (0) 121 423 8900 
Steve Douglas 
 
Investec Bank plc                           +44 (0) 207 597 4000 
Jeremy Ellis 
Sara Hale 
 

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 founder member of the Social Stock Exchange, its 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, and has been voted the best energy company for customer service by users of MoneySavingExpert.com for three consecutive polls.

-- As at 31 December 2016, Good Energy had over 71,400 renewable electricity customers and 44,100 carbon neutral gas customers. It also provides Feed-in Tariff administration services to over 133,000 sites, bringing the total number of customers to 248,500.

-- 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 seven 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                       Emma Tinker 
---  -------------------------  ------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------- 
 a)   Position/status            Director 
---  -------------------------  ------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------- 
 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             Ordinary Shares, 5p 
       the financial 
       instrument, type 
       of instrument 
                                  GOOD 
       Identification 
       code 
---  -------------------------  ------------------------- 
 b)   Nature of the              Scrip Dividend Issue 
       transaction 
---  -------------------------  ------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                   ---------  ---------- 
                                    217.40p    16 
                                   ---------  ---------- 
---  -------------------------  ------------------------- 
 d)   Aggregated information 
 
       - Aggregated 
       volume                      16 
 
 
       - Price                     GBP34.78 
---  -------------------------  ------------------------- 
 e)   Date of the transaction    20 July 2017 
---  -------------------------  ------------------------- 
 f)   Place of the               London Stock Exchange 
       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       Initial notification 
       /Amendment 
---  -------------------------  ------------------------- 
 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             Ordinary Shares, 5p 
       the financial 
       instrument, type 
       of instrument 
                                  GOOD 
       Identification 
       code 
---  -------------------------  ------------------------- 
 b)   Nature of the              Scrip Dividend Issue 
       transaction 
---  -------------------------  ------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                   ---------  ---------- 
                                    217.40p    35 
                                   ---------  ---------- 
---  -------------------------  ------------------------- 
 d)   Aggregated information 
 
       - Aggregated 
       volume                      35 
 
 
       - Price                     GBP76.09 
---  -------------------------  ------------------------- 
 e)   Date of the transaction    20 July 2017 
---  -------------------------  ------------------------- 
 f)   Place of the               London Stock Exchange 
       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                       Richard Squires 
---  -------------------------  ------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------- 
 a)   Position/status            Director 
---  -------------------------  ------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------- 
 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             Ordinary Shares, 5p 
       the financial 
       instrument, type 
       of instrument 
                                  GOOD 
       Identification 
       code 
---  -------------------------  ------------------------- 
 b)   Nature of the              Scrip Dividend Issue 
       transaction 
---  -------------------------  ------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                   ---------  ---------- 
                                    217.40p    421 
                                   ---------  ---------- 
---  -------------------------  ------------------------- 
 d)   Aggregated information 
 
       - Aggregated 
       volume                      421 
 
 
       - Price                     GBP915.25 
---  -------------------------  ------------------------- 
 e)   Date of the transaction    20 July 2017 
---  -------------------------  ------------------------- 
 f)   Place of the               London Stock Exchange 
       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      Initial Notification 
       /Amendment 
---  ------------------------  ------------------------------ 
 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            Ordinary Shares, 5p 
       the financial 
       instrument, type 
       of instrument 
                                 GOOD 
       Identification 
       code 
---  ------------------------  ------------------------------ 
 b)   Nature of the             Scrip Dividend Issue 
       transaction 
---  ------------------------  ------------------------------ 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                  ---------  ---------- 
                                   217.40p    7 
                                  ---------  ---------- 
---  ------------------------  ------------------------------ 
 d)   Aggregated information 
 
       - Aggregated 
       volume                     7 
 
 
       - Price                    GBP15.22 
---  ------------------------  ------------------------------ 
 e)   Date of the transaction   20 July 2017 
---  ------------------------  ------------------------------ 
 f)   Place of the              London Stock Exchange 
       transaction 
---  ------------------------  ------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

July 21, 2017 03:50 ET (07:50 GMT)

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