Share repurchase programme 2019/2020
SSE plc (the ‘Company’) announced on 30 September 2019 (updated on 31 January 2020) that it had initiated a non-discretionary programme to repurchase its ordinary shares for cancelation in light of the Scrip take up of the 2018/2019 dividend exceeding 20%.
The programme will not exceed 13,420,470 ordinary shares, and the maximum pecuniary amount allocated to it is £150m. The end date for the programme will be the earlier of: when one of these parameters is met; or 31 March 2020.
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.