Share repurchase programme 2019 (Apr-Aug)
As part of SSE’s capital return programme, announced on 1 February 2019, SSE initiated a discretionary share repurchase programme to reduce the share capital of the company. All shares purchased were for cancellation during the period commencing 01 April 2019 ending on 20 August 2019.
The aggregate purchase price of all shares acquired under the share repurchase programme was £199,999,971 representing 17,850,924 shares (as per the authority granted by shareholders at the Company’s Annual General Meetings on 19 July 2018 and on 18 July 2019).
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.