Last checked at 19 Oct 2018 14:14
Good Energy Group PLC
("Good Energy" or "the Company")
Scrip Dividend Elections
Good Energy announces that it has received elections to accept the scrip dividend alternative from holders of 2,076,467 ordinary shares of 5p each ("Ordinary Shares") in relation to the interim dividend for the period to 30 June 2018. This accounts for 12.5% of the 16,553,005 Ordinary Shares in issue on the record date.
Accordingly, 18,516 new Ordinary Shares ("Scrip Dividend Shares") will be issued in satisfaction of such elections at an equivalent price of 113.5p 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 2018. 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 2018. 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 16,571,521 Ordinary Shares with one vote per Ordinary Share. There are no shares held in Treasury. This is therefore 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:
PDMR | Number of Scrip Dividend Shares to be issued | Ordinary Shares held following scrip dividend | % holding in Company following scrip dividend issue | |||
Mr Stephen Rosser | 6 | 657 | 0.004% | |||
Mrs Emma Tinker | 14 | 1509 | 0.01% | |||
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End
Enquiries:
Good Energy Group PLC
Juliet Davenport, Chief Executive
Charles Parry, Investor Relations
Tel: +44 (0)1249 766795
Investec Bank plc (Nominated Adviser)
Jeremy Ellis
Sara Hale
Alexander Ruffman
Tel: +44 (0) 20 7597 5970
Smithfield (Financial PR)
Alex Simmons
Tel: +44 (0) 20 3047 2543
Notes to editors:
· Good Energy is a pioneering clean energy company, powering the choice of a cleaner, greener future together with its people, customers and shareholders. Having led the way in renewable energy development since 1999 in areas including small and larger scale wind turbines, solar panels, biogen and hydro, and now in technologies like battery storage and electric vehicles, Good Energy is making it easier for people and businesses to make renewable energy part of their lives.
· Good Energy powers homes and businesses with 100% renewable electricity from a community of over 1,400 UK generators and owns and operate two wind farms, including the UK's first commercial wind farm, and six solar farms. In addition, Good Energy offers a green gas product which contains 6% biomethane ‐ gas produced here in the UK from food waste. To make it completely carbon neutral, emissions from the rest of the gas its customers use is balanced through supporting verified carbon‐reduction schemes in Malawi, Vietnam and Nepal.
• Established to tackle climate change and help deliver energy security for the UK.
• Founded in 1999 by Juliet Davenport OBE.
• A British company based in Chippenham, Wiltshire.
• Good Energy's electricity comes from local, natural sources like sunshine, wind and rain.
• In 2017 Good Energy's generation output was 87.6GWh (2016: 80.7GWh).
• As at 30 December 2017, Good Energy had over 250,000 domestic and business customers.
Twitter: twitter.com/goodenergy
Facebook: facebook.com/goodenergy.co.uk
Instagram: Instagram.com/GoodEnergy
Website: https://group.goodenergy.co.uk/
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 /Amendment
| Initial Notification | ||||
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 the financial instrument, type of instrument
Identification code
| Ordinary Shares, 5p
GOOD | ||||
b)
| Nature of the transaction
| Scrip Dividend Issue | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
6
£6.81
| ||||
e)
| Date of the transaction
| 2 November 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Emma Tinker | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Person discharging managerial responsibility | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
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 the financial instrument, type of instrument
Identification code
| Ordinary Shares, 5p
GOOD | ||||
b)
| Nature of the transaction
| Scrip Dividend Issue | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
14
£15.89
| ||||
e)
| Date of the transaction
| 2 November 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||