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LONDON - SSE plc (LSE:LON:SSE) has announced that the reference price for its scrip dividend alternative for the final dividend of the year ended March 31, 2025, has been set at 1,849 pence per share.
The energy company calculated the scrip reference price by taking the average mid-market closing price over five business days starting from the ex-dividend date, covering the period from July 24 to July 30, 2025.
According to the company’s statement, if all eligible shareholders as of the record date of July 25, 2025, were to participate in the scrip dividend scheme with their entire shareholdings, SSE would need to issue approximately 25.7 million new shares. This would represent about 2.3% of the company’s issued share capital, excluding treasury shares.
Shareholders wishing to participate in the scrip dividend scheme must submit their mandate forms to Computershare Investor Services PLC by August 21, 2025. The same deadline applies to shareholders who wish to withdraw from the scheme.
The final dividend payment and scrip issue date is scheduled for September 18, 2025.
The scrip dividend scheme allows shareholders to receive new ordinary shares in the company instead of cash dividends.
This information was disclosed in a press release statement issued by SSE plc through the London Stock Exchange (LON:LSEG)’s news service.
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