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OPG Power Ventures plc   -  OPG   

Timetable for Scrip Dividend Payment

Released 12:51 02-Dec-2019

RNS Number : 3534V
OPG Power Ventures plc
02 December 2019
 

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
Scrip Dividend pay date
CREST accounts credited
Dispatch of Scrip certificates and statements

 

 

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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Timetable for Scrip Dividend Payment - RNS