Good Energy Group PLC Operation of scrip dividend scheme (4689Q)

TIDMGOOD

RNS Number : 4689Q

Good Energy Group PLC

12 September 2017

Good Energy Group PLC

("Good Energy" or the "Company")

Operation of scrip dividend scheme

The Board of Good Energy Group PLC, is pleased to announce an interim dividend of 1p per ordinary share for the period to 30 June 2017, as set out in the Company's interim results released this morning. The dividend is payable on 2 November 2017 to shareholders whose names are on the register at close of business on 22 September 2017. The shares will trade ex-dividend from 21 September 2017.

The Directors have decided to continue to offer shareholders the opportunity to receive dividends in the form of new shares in the Company as an alternative to a cash dividend payment.

Documentation setting out full details of the scrip dividend scheme will be sent to all shareholders on or around 15 September 2017.

To participate in the scrip dividend scheme for the 2017 interim dividend, shareholders who have not yet lodged election forms must do so by 5pm on 5 October 2017. Shareholders need not take any further action if they have already elected to participate in the scrip dividend scheme or receive their dividend in cash and would like to continue to do so.

The reference price of the scrip shares in respect of the dividend will be calculated and published on or around 28 September 2017.

The timetable for the operation of the scrip dividend scheme in respect of the 2017 interim dividend is set out below.

 
 Date                     Item 
-----------------------  ------------------------------- 
 12 September 2017        Announcement 
-----------------------  ------------------------------- 
 21 September 2017        Ex-Dividend date 
-----------------------  ------------------------------- 
 21 - 27 September 2017   Scrip dividend calculation 
                           period 
-----------------------  ------------------------------- 
 22 September 2017        Record date 
-----------------------  ------------------------------- 
 28 September 2017        Publication of Scrip reference 
                           price 
-----------------------  ------------------------------- 
 5 October 2017, 5pm      Final date and time for 
                           receipt of mandate forms 
-----------------------  ------------------------------- 
 31 October 2017          Posting of dividend cheques 
                           and tax vouchers for cash 
                           dividend 
-----------------------  ------------------------------- 
 2 November 2017          Issue and allotment of 
                           new shares for scrip dividend 
-----------------------  ------------------------------- 
 2 November 2017          Issue and posting of new 
                           share certificates for 
                           scrip dividend 
-----------------------  ------------------------------- 
 2 November 2017          Cash dividend payment 
                           date 
-----------------------  ------------------------------- 
 
 
Enquiries: 
Good Energy Group 
 PLC                       [phone] 
Juliet Davenport, 
 Chief Executive Officer 
Denise Cockrem, Chief 
 Financial Officer 
Stephen Rosser, Company 
 Secretary 
Investec Bank plc          [phone] 
Jeremy Ellis 
Sara Hale 
 
Smithfield Consultants     [phone] 
Alex Simmons 
 

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 founding member of the Social Stock Exchange, Good Energy's 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 (no energy supplier was awarded 5 stars), and has been awarded a Best Buy by Ethical Consumer magazine.

-- 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 12, 2017 03:30 ET (07:30 GMT)