OPG Power Ventures plc Scrip Dividend payment (7630Y)

TIDMOPG

RNS Number : 7630Y

OPG Power Ventures plc

06 January 2020

6 January 2020

OPG Power Ventures plc

("OPG" or the "Company")

Scrip Dividend Payment

OPG (AIM: OPG), the developer and operator of power generation plants in India, announced on 1 August 2019 the payment of a scrip dividend of 0.6p per share in respect of FY19 (the "Scrip Dividend).

The Company is pleased to confirm that shareholders will receive one new ordinary share (the "Scrip Shares") for every 30.25 existing ordinary shares, based upon the Scrip Dividend price of 18.15 pence per share. Fractional entitlements will not be paid and the Scrip Dividend to each shareholder will be rounded down to the nearest whole share.

A total of 12,823,311 Scrip Shares will be issued today to shareholders on the register as at 13 December 2019. Application has been made for the Scrip Shares to be admitted to trading on AIM which is expected to occur on 9 January 2020. The Scrip Shares will rank pari passu in all respects with the Company's existing ordinary shares of 0.0147p each (the "Ordinary Shares").

Following the issue of the Scrip Shares the Company has 400,733,511 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The figure of 400,733,511 may be used by the Company's shareholders as the denominator in 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

For further information, please visit www.opgpower.com or contact:

 
                                         [phone] 
 OPG Power Ventures PLC                   11211 
 Arvind Gupta / Dmitri Tsvetkov 
 
 Cenkos Securities (Nominated Adviser    [phone] 
  & Broker)                               8900 
 Russell Cook/ Stephen Keys 
 
                                         [phone] 
 Tavistock (Financial PR)                 3150 
 Simon Hudson / Barney Hayward / Nick 
  Elwes 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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January 06, 2020 02:00 ET (07:00 GMT)