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20 Dec 2016 08:00
20 December 2016
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OPG Power Ventures plc
("OPG" or the "Company")
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Notice of Dividend
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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.
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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.
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A timetable for the key dates is set out below:
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20/12/2016 | Dividend announcement date |
29/12/2016 | Ex-dividend date |
30/12/2016 | Record date |
06/01/2017 | Scrip reference price announced |
10/01/2017 | Despatch of scrip circular, scrip election form and EGM circular |
25/01/2017 | EGM |
01/02/2017 | Deadline for scrip election |
16/02/2017 | Dividend pay date, CREST PAY instruction and despatch of scrip documents |
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For further information, please visit www.opgpower.com or contact:
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OPG Power Ventures PLC Arvind Gupta / V Narayan Swami Ā | Ā +91 (0) 44 429 11 211 |
Investor Relations Ajay Paliwal / Pooja Maru Ā | Ā +44 (0) 20 7850 7070 |
Cenkos Securities (Nominated Adviser & Broker) Stephen Keys / Camilla Hume Ā | Ā +44 (0) 20 7397 8900 |
Macquarie Capital (Europe) Limited (Joint Broker) Raj Khatri / Nick Stamp Ā | Ā +44 (0) 20 3037 2000 |
Tavistock (Financial PR) Simon Hudson / James Collins / Barney Hayward | Ā +44 (0) 20 7920 3150 |
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About OPG
OPG operates and develops power generation related assets in India, principally under the group captive model, and currently has 750 MW of assets in operation with 62 MW solar under development. In the six months ended 30 September 2016, the Company generated revenues of approximately Ā£118 million, profit before tax of Ā£18 million and adjusted earnings per share of 4.80 pence.
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