Share repurchase programme 2016/2017
As part of SSE’s capital return programme, announced on 9 November 2016, we initiated a discretionary share repurchase programme to reduce the share capital of the company. Part of the shares purchased were for cancellation with the remainder held as treasury shares, during the period commencing 11 November 2016 ending on 7 December 2017.
The aggregate purchase price of all shares acquired under the share repurchase programme was £499,706,199 representing 34,768,893 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 are available below.
Share repurchase transactions