15 Feb 2016 16:04
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 2016, payable on 1 April 2016, will be 882.2p.
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 2016, this was the period 28 January 2016 to 3 February 2016.
The Scrip Dividend Alternative timetable for the interim dividend for the year ending 31 March 2016 is as follows:
Ex-dividend date | 28 January 2016 |
Record date | 29 January 2016 |
Scrip reference price calculation period | 28 January 2016 to 3 February 2016 |
Last date for receipt of Scrip elections | 7 March 2016 |
Dividend payment/Scrip issue date | 1 April 2016 |
15 February 2016
www.pennon-group.co.uk
End transmission
Pennon (PNN)