scrip20 Dec 2016 09:14
Does anyone know much about scrip dividends?
Are they a good idea for private shareholders?
Notice of Dividend
OPG (AIM: OPG), the developer and operator of power generation plants in India, announces that its maiden dividend, an interim dividend of 0.26p per share, will be paid on 16 February 2017 to shareholders on the
register on 30 December 2016. Ex-dividend date is 29 December 2016.
There will be a scrip alternative, based on a reference price calculated on 5 January 2017 and announced on 6 January 2017. A scrip circular, scrip election form and EGM circular (to approve the scrip alternative) will be despatched to shareholders on 10 January 2017 and the EGM will be held on 25 January 2017. Subject to shareholder approval, the last date for the scrip election will be 1 February 2017.
A timetable for the key dates is set out below:
20/12/2016 Dividend announcement date
29/12/2016 Ex-dividend date
30/12/2016 Record date
06/01/2017 Scrip reference price announced
Despatch of scrip circular, scrip election
10/01/2017 form and EGM circular
25/01/2017 EGM
01/02/2017 Deadline for scrip election
Dividend pay date, CREST PAY instruction
16/02/2017 and despatch of scrip documents