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OPG Power Ventures - Scrip Dividend payment

RNS Number : 7630Y
OPG Power Ventures plc
06 January 2020
 

6 January 2020

 

OPG Power Ventures plc

("OPG" or the "Company")

 

Scrip Dividend Payment

 

 

OPG (AIM: OPG), the developer and operator of power generation plants in India, announced on 1 August 2019 the payment of a scrip dividend of 0.6p per share in respect of FY19 (the "Scrip Dividend).

 

The Company is pleased to confirm that shareholders will receive one new ordinary share (the "Scrip Shares") for every 30.25 existing ordinary shares, based upon the Scrip Dividend price of 18.15 pence per share.  Fractional entitlements will not be paid and the Scrip Dividend to each shareholder will be rounded down to the nearest whole share.

 

A total of 12,823,311 Scrip Shares will be issued today to shareholders on the register as at 13 December 2019.  Application has been made for the Scrip Shares to be admitted to trading on AIM which is expected to occur on 9 January 2020.  The Scrip Shares will rank pari passu in all respects with the Company's existing ordinary shares of 0.0147p each (the "Ordinary Shares").

 

Following the issue of the Scrip Shares the Company has 400,733,511 Ordinary Shares in issue.  No Ordinary Shares are held in treasury.  The figure of 400,733,511 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

 

 

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


 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: OPG Power Ventures PLC

Price: 10.25

Market: AIM
Market Cap: £41.08 m
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OPG Power Ventures PLC's (LON:OPG) Dmitri Tsvetkov pitches the company to investors at the Proactive One2One Virtual Event. OPG operates and develops power generation assets in India and currently has 414 MW in operation principally under the group captive model and 62MW of Solar assets.

on 8/6/20