OPG Power Ventures plc Dividend Declaration (3282S)
December 20 2016 - 2:00AM
UK Regulatory
TIDMOPG
RNS Number : 3282S
OPG Power Ventures plc
20 December 2016
20 December 2016
OPG Power Ventures plc
("OPG" or the "Company")
Notice of Dividend
OPG (AIM: OPG), the developer and operator of power generation
plants in India, announces that its maiden dividend, an interim
dividend of 0.26p per share, will be paid on 16 February 2017 to
shareholders on the
register on 30 December 2016. Ex-dividend date is 29 December 2016.
There will be a scrip alternative, based on a reference price
calculated on 5 January 2017 and announced on 6 January 2017. A
scrip circular, scrip election form and EGM circular (to approve
the scrip alternative) will be despatched to shareholders on 10
January 2017 and the EGM will be held on 25 January 2017. Subject
to shareholder approval, the last date for the scrip election will
be 1 February 2017.
A timetable for the key dates is set out below:
20/12/2016 Dividend announcement date
29/12/2016 Ex-dividend date
30/12/2016 Record date
06/01/2017 Scrip reference price announced
Despatch of scrip circular, scrip election
10/01/2017 form and EGM circular
25/01/2017 EGM
01/02/2017 Deadline for scrip election
Dividend pay date, CREST PAY instruction
16/02/2017 and despatch of scrip documents
For further information, please visit www.opgpower.com or
contact:
OPG Power Ventures PLC +91 (0) 44 429
Arvind Gupta / V Narayan Swami 11 211
Investor Relations +44 (0) 20 7850
Ajay Paliwal / Pooja Maru 7070
Cenkos Securities (Nominated
Adviser & Broker) +44 (0) 20 7397
Stephen Keys / Camilla Hume 8900
Macquarie Capital (Europe)
Limited (Joint Broker) +44 (0) 20 3037
Raj Khatri / Nick Stamp 2000
Tavistock (Financial PR)
Simon Hudson / James Collins +44 (0) 20 7920
/ Barney Hayward 3150
About OPG
OPG operates and develops power generation related assets in
India, principally under the group captive model, and currently has
750 MW of assets in operation with 62 MW solar under development.
In the six months ended 30 September 2016, the Company generated
revenues of approximately GBP118 million, profit before tax of
GBP18 million and adjusted earnings per share of 4.80 pence.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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December 20, 2016 03:00 ET (08:00 GMT)