Share repurchase programme
As part of SSE’s capital return programme, announced on 9 November 2016, we have initiated a discretionary share repurchase programme to reduce the share capital of the company. Shares will be purchased for cancellation or held as treasury shares, during the period commencing 11 November 2016 and ending no later than 31 December 2017.
The aggregate purchase price of all shares acquired under the share repurchase programme will be no greater than £500,000,000 and no more than 100,759,681 shares (the maximum number of shares as per the authority granted by SSE’s shareholders at its 2016 Annual General Meeting).
Acquisitions are effected within certain pre-set parameters, and in accordance with both the company’s general authority to repurchase shares and Chapter 12 of the UK Listing Rules. In accordance with Article 5 (1)(b) of the Market Abuse Regulation (EU) No 596/2014, a summary of all share repurchase transactions to date are available below.