Timetable for Scrip Dividend Payment
Updated : 12:52
2 December 2019
OPG Power Ventures plc
("OPG" or the "Company")
Timetable for Scrip Dividend Payment
OPG (AIM: OPG), the developer and operator of power generation plants in India, has today confirmed the timetable for payment of the scrip dividend announced on 1 August 2019.
As announced previously, OPG is paying a full year scrip dividend of 0.6 pence per ordinary share in respect of FY19 (the "Scrip Dividend"). This Scrip Dividend was approved by the Annual General Meeting on 25 November 2019. Shareholders will receive their dividends in the form of OPG new ordinary shares and the entitlements will be rounded down in accordance with the Scrip Dividend terms and conditions. There is no requirement for shareholders to make an election to receive the Scrip Dividend as 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:
12 December 2019 | Ex-dividend date |
13 December 2019 | Record date |
19 December 2019 | Scrip reference price announced |
6 January 2020 | New ordinary shares admitted to trading on AIM |
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
For further information, please visit www.opgpower.com or contact:
OPG Power Ventures PLC | +91 (0) 44 429 11211 |
Arvind Gupta / Dmitri Tsvetkov | |
Cenkos Securities (Nominated Adviser & Broker) | +44 (0) 20 7397 8900 |
Russell Cook/ Stephen Keys | |
Tavistock (Financial PR) | +44 (0) 20 7920 3150 |
Simon Hudson / Barney Hayward / Nick Elwes |
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