Good Energy announces that it has received elections to accept a scrip dividend alternative from the holders of 1,925,319 ordinary shares of 5p each ("Ordinary Shares") in relation to the full year dividend for the period to 30 June 2024. This accounts for 10.6% of the 18,243,980 Ordinary Shares in issue on 27 September 2024 (the "Record Date").
Accordingly, pursuant to the Company's existing authorities, 8,182 new Ordinary Shares ("Scrip Dividend Shares") will be issued in satisfaction of such elections at an equivalent price of £2.56 each.
The Scrip Dividend Shares will rank pari passu with the Company's existing issued Ordinary Shares. An application has been made to AIM to admit the 8,182 Scrip Dividend Shares. Dealings in the Scrip Dividend Shares are expected to commence on or around 25 October 2024. Share certificates and scrip dividend vouchers for the Scrip Dividend Shares will be posted on the same date.
Following the admission of the Scrip Dividend Shares, the enlarged issued share capital of Good Energy will consist of 18,252,162 Ordinary Shares. 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.
