OPG Power Ventures plc Scrip Dividend Reference Price (5380T)
January 06 2017 - 3:22AM
UK Regulatory
TIDMOPG
RNS Number : 5380T
OPG Power Ventures plc
06 January 2017
6 January 2017
OPG Power Ventures plc
("OPG", the "Group" or the "Company")
Scrip Dividend Reference Price
OPG (AIM: OPG), the developer and operator of group captive
power generation plants, announces that the scrip dividend
reference price for the ordinary shares to be issued to
shareholders electing to receive the scrip dividend alternative for
the Company's interim dividend of 0.26p per share will be 62.80p
per share.
The scrip reference price was 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 29 December
2016.
A timetable for the key dates is set out below:
Despatch of scrip circular, scrip election form
10/01/2017 and EGM circular
25/01/2017 EGM
01/02/2017 Deadline for scrip election
Dividend pay date, CREST PAY instruction and despatch
16/02/2017 of scrip documents
For further information, please visit www.opgpower.com or
contact:
OPG Power Ventures PLC
Arvind Gupta / V Narayan Swami +91 (0) 44 429 11211
OPG - Investor Relations
Ajay Paliwal / Pooja Maru +44 (0) 20 7850 7070
Cenkos Securities (Nominated Adviser
& Broker)
Stephen Keys / Camilla Hume +44 (0) 20 7397 8900
Macquarie Capital (Europe) Limited
(Joint Broker)
Raj Khatri / Nick Stamp +44 (0) 20 3037 2000
Tavistock (Financial PR)
Simon Hudson / James Collins +44 (0) 20 7920 3150
OPG operates and develops power generation related assets in
India and at 30 September 2016 had 750 MW of assets with a further
186 MW under development or in pipeline. In the six months ended 30
September 2016, according to its unaudited results for the period,
the Company generated revenues of GBP118 million, EBITDA of GBP41
million, profit before tax of GBP18 million and earnings per share
of 4.80 pence.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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