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DJ Good Energy Group PLC Scrip Dividend Elections

TIDMGOOD

RNS Number : 0215R

Good Energy Group PLC

24 October 2019

Good Energy Group PLC

("Good Energy" or "the Company")

Scrip Dividend Elections

Good Energy announces that it has received elections to accept the scrip dividend alternative from holders of 2,115,967 ordinary shares of 5p each ("Ordinary Shares") in relation to the interim dividend for the period to 30 June 2019. This accounts for 12.7% of the 16,606,162 Ordinary Shares in issue on the record date.

Accordingly, 15,083 new Ordinary Shares ("Scrip Dividend Shares") will be issued in satisfaction of such elections at an equivalent price of 154.6p each.

The Scrip Dividend Shares will rank pari passu with the Company's existing issued Ordinary Shares and will be issued and allotted on the Dividend Payment Date, being 31 October 2019. The Company will apply for the Scrip Dividend Shares to be admitted to trading on AIM with dealings expected to commence on or around 31 October 2019. Share certificates and scrip dividend vouchers for the Scrip Dividend Shares will be posted on the same date.

Following the allotment, issue and admission of the Scrip Dividend Shares, the enlarged issued share capital of Good Energy with voting rights attached will consist of 16,621,245 Ordinary Shares with one vote per Ordinary Share. There are no shares held in Treasury. This is therefore the figure to be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in Good Energy.

Good Energy has received elections for the scrip dividend alternative from individuals it considers to be persons discharging managerial responsibility. The individuals, resulting Scrip Dividend Shares, aggregate number of Ordinary Shares held by relevant individuals and their related parties (as defined in the AIM rules) and their aggregate percentage holdings in Good Energy are set out below:

 
 PDMR                  Number of Scrip    Ordinary Shares      % holding in 
                       Dividend Shares     held following    Company following 
                         to be issued      scrip dividend     scrip dividend 
                                                                   issue 
 Mr Stephen Rosser            5                 679               0.004% 
                      -----------------  ----------------  ------------------- 
 Mrs Emma Tinker              11               1560               0.009% 
                      -----------------  ----------------  ------------------- 
 
 
 

In addition, Rupert Sanderson (Finance Director), being a person discharging managerial responsibility, has an automatic cash dividend share reinvestment plan in respect of his holding in the Company and further details will be disclosed once confirmed after 31 October 2019.

Enquiries:

 
 Good Energy Group PLC                Via Walbrook PR 
  Juliet Davenport, Chief Executive 
  Charles Parry, Investor Relations 
 Walbrook (Financial PR)              goodenergy@walbrookpr.com 
  Nick Rome                            Tel: +44 (0) 20 7933 8783 
  Tom Cooper 
 

Notes to editors:

About Good Energy www.goodenergy.co.uk

Good Energy is a generator and supplier of 100% renewable energy and an innovator in energy services.

Over the last twenty years, the UK energy market has transitioned from around thirty large mainly fossil fuel-based generators to a market where renewables are the single biggest electricity generating source, and there are more than one million renewable generators.

Good Energy has been part of that transition, sourcing power direct from renewable generators since it was founded 20 years ago, recently awarded the highest green rating from Which? and the only UK energy company with more home-generation customers than supply customers. By investing in digital innovation and data Good Energy is driving efficiency and its ability to provide a range of services which maximise customer choice. This will support UK households and businesses to manage their energy usage, generating, storing and sharing clean power in the transition to a low carbon future. Good Energy is at the forefront of the charge towards a cleaner, distributed energy system.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Stephen Rosser 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Person discharging managerial responsibility 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                        Good Energy Group PLC 
     --------------------------  --------------------------------------------- 
 b)   LEI                         549300RDCDCDNGLJB833 
     --------------------------  --------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of 
       transaction; (iii) each date; and (iv) each place where 
       transactions have been conducted 
     ------------------------------------------------------------------------- 
 a)   Description of the          Ordinary Shares, 5p 
       financial instrument, 
       type of instrument 
 
       Identification code         GOOD 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Scrip Dividend Issue 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     154.6p     5 
                                               ---------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          5 
 
 
       - Price                      GBP7.73 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     31 October 2019 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Emma Tinker 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Person discharging managerial responsibility 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                        Good Energy Group PLC 
     --------------------------  --------------------------------------------- 
 b)   LEI                         549300RDCDCDNGLJB833 
     --------------------------  --------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of 
       transaction; (iii) each date; and (iv) each place where 
       transactions have been conducted 
     ------------------------------------------------------------------------- 
 a)   Description of the          Ordinary Shares, 5p 
       financial instrument, 
       type of instrument 
 
       Identification code         GOOD 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Scrip Dividend Issue 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     154.6p     11 
                                               ---------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          11 
 
 
       - Price                      GBP17.00 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     31 October 2019 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  --------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 24, 2019 05:23 ET (09:23 GMT)