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20 Feb 2017 17:31
PENNON GROUP PLC
FOR IMMEDIATE RELEASE
SCRIP DIVIDEND ALTERNATIVE - DOCUMENTS AVAILABLE FOR INSPECTION
Pennon Group Plc (the "Company") announces that the following documents have been submitted electronically to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM
SCRIP DIVIDEND ALTERNATIVE BOOKLET - TERMS & CONDITIONS
CHAIRMAN'S EXPLANATORY LETTER
SCRIP DIVIDEND ALTERNATIVE FORM OF MANDATE APPLICATION FORM
The documents may also be viewed on the Company's website at
www.pennon-group.co.uk
SCRIP REFERENCE PRICE
The scrip reference price for the fully paid ordinary shares to be issued to shareholders electing to receive the scrip dividend alternative for the interim dividend for the year ending 31 March 2017, payable on 4 April 2017, will be 792.9p.
The scrip reference price is calculated by taking the average of the middle market quotations for the Company's ordinary shares for the day on which they are quoted ex-dividend and the four subsequent business days. In respect of the interim dividend for the year ending 31 March 2017, this was the period 2 February 2017 to 8 February 2017.
The scrip dividend alternative timetable for the interim dividend for the year ending 31 March 2017 is as follows:
Ex-dividend date | 2 February 2017 |
Record date | 3 February 2017 |
Scrip reference price calculation period | 2 February 2017 to 8 February 2017. |
Last date for receipt of scrip elections | 13 March 2017 |
Dividend payment/Scrip issue date | 4 April 2017 |
20 February 2017
www.pennon-group.co.uk
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