OPG Power Ventures plc Result of Scrip Dividend and Issue of Equity (0905X)
16 February 2017 - 11:53AM
UK Regulatory
TIDMOPG
RNS Number : 0905X
OPG Power Ventures plc
16 February 2017
16 February 2017
OPG Power Ventures plc
("OPG", the "Group" or the "Company")
Result of Scrip Dividend Alternative and Issue of Equity
Further to the Company's previous announcements OPG, announces
that it has received final valid elections for the Scrip Dividend
Alternative in respect of 1,007,135 existing ordinary shares of
0.0147p each in the capital of the Company.
Accordingly, based on the previously announced reference price
of 62.8p per share and the interim dividend of 0.26p per share, a
total of 4,160 new ordinary shares of 0.0147p each will be allotted
by the Company ("New Shares") to shareholders who elected to
receive the Scrip Dividend Alternative.
Application has been made to AIM for the New Shares to be
admitted to trading on AIM ("Admission"). Admission of the New
Shares is expected on 22 February 2017 ("Admission"). It is
expected that the New Shares will be issued and credited to CREST
accounts on 22 February 2017. Following Admission, the Company will
have 351,508,955 ordinary shares in issue admitted to trading on
AIM. Following Admission, this figure, 351,508,955 may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
For further information, please visit www.opgpower.com or
contact:
OPG Power Ventures PLC
Arvind Gupta / V Narayan +91 (0) 44 429
Swami 11211
OPG - Investor Relations +44 (0) 20 7850
Ajay Paliwal / Pooja Maru 7070
Cenkos Securities (Nominated
Adviser & Broker) +44 (0) 20 7397
Stephen Keys / Camilla Hume 8900
Macquarie Capital (Europe)
Limited (Joint Broker) +44 (0) 20 3037
Raj Khatri / Nick Stamp 2000
Tavistock (Financial PR) +44 (0) 20 7920
Simon Hudson / James Collins 3150
This information is provided by RNS
The company news service from the London Stock Exchange
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February 16, 2017 06:53 ET (11:53 GMT)