30 Oct 2018 07:00
30 October 2018
OPG Power Ventures plc
("OPG", the "Group" or the "Company")
Timetable for Scrip Dividend Payment
As announced on 24 September 2018, OPG is paying a full year scrip dividend of 1 pence per ordinary share in respect of FY18. This scrip dividend was approved by the Annual General Meeting on 23 October 2018. Shareholders will receive their dividends in the form of shares instead of cash (as the cash option is not available) and the entitlements will be rounded down in accordance with the scrip terms and conditions. There is no requirement for shareholders to make an election for the Scrip Dividend Scheme for this payment and there is no option to elect for a cash dividend.
The scrip dividend reference price will be calculated as the average of the Company's closing middle market price, as derived from the London Stock Exchange's Daily Official List, for the five consecutive business days commencing on the ex-dividend date, being 8 November 2018.
A timetable for the key dates is set out below:
23 October 2018 | Annual General Meeting (AGM) |
8 November 2018 | Ex-dividend date |
9 November 2018 | Record date |
15 November 2018 | Scrip reference price announced |
3 December 2018 | Dividend pay date, CREST accounts credited and dispatch of Scrip certificates and statements |
For further information, please visit www.opgpower.com or contact:
OPG Power Ventures PLC | +91 (0) 44 429 11211 |
Arvind Gupta / Dmitri Tsvetkov | |
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Cenkos Securities (Nominated Adviser & Broker) | +44 (0) 20 7397 8900 |
Stephen Keys | |
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Tavistock (Financial PR) | +44 (0) 20 7920 3150 |
Simon Hudson / Barney Hayward |
Opg Power (OPG)