Good Energy Group PLC Update on Scrip Dividend & PDMR (2525V)

TIDMGOOD

RNS Number : 2525V

Good Energy Group PLC

01 November 2017

Good Energy Group PLC ("Good Energy" or "the Company")

Update on Scrip Dividend

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.

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*                    191              40,371         0.24% 
 Francesca 
  Ecsery                       17               3,380         0.02% 
 Emma Tinker                    7               1,484         0.01% 
 Stephen 
  Rosser                        3                 646        0.004% 
 

*incorporates 2,755 shares held by Mr Squires' wife (including 13 Scrip Dividend Shares).

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 30 June 2017, Good Energy reported 71,150 renewable electricity customers and 42,750 carbon neutral gas customers. It also provides Feedin Tariff administration services to 137,900 sites, bringing the total number of customers to 251,800.

-- 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 eight 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                       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)                   ---------  ---------- 
                                    209.5p     191 
                                   ---------  ---------- 
---  -------------------------  ------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated                191 
       volume 
 
                                   GBP400.15 
       - Price 
---  -------------------------  ------------------------- 
 e)   Date of the transaction    2 November 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)                   ---------  ---------- 
                                    209.5p     17 
                                   ---------  ---------- 
---  -------------------------  ------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated                17 
       volume 
 
                                   GBP35.62 
       - Price 
---  -------------------------  ------------------------- 
 e)   Date of the transaction    2 November 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                       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)                   ---------  ---------- 
                                    209.5p     7 
                                   ---------  ---------- 
---  -------------------------  ------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated                7 
       volume 
 
                                   GBP14.67 
       - Price 
---  -------------------------  ------------------------- 
 e)   Date of the transaction    2 November 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)                  ---------  ---------- 
                                   209.5p     3 
                                  ---------  ---------- 
---  ------------------------  ------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated               3 
       volume 
 
                                  GBP6.29 
       - Price 
---  ------------------------  ------------------------------ 
 e)   Date of the transaction   2 November 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

MSCUGGGWGUPMGUG

(END) Dow Jones Newswires

November 01, 2017 06:37 ET (10:37 GMT)