Key Developments: SSE PLC (SSE.L)

SSE.L on London Stock Exchange

23 Jan 2015
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Latest Key Developments (Source: Significant Developments)

SSE Plc announces interim dividend
Thursday, 13 Nov 2014 04:23am EST 

SSE Plc:Says its timetable in relation to interim dividend of 26.6 pence per ordinary share for year ending March 31, 2015.Ex dividend date Jan. 22, 2015.Record date Jan. 23, 2015.Cash dividend payment date March 20, 2015.  Full Article

SSE Plc announces directorate change
Wednesday, 12 Nov 2014 02:01am EST 

SSE Plc:Says Richard Gillingwater CBE will be appointed Deputy Chairman of SSE plc on Jan. 1, 2015.Says he will be appointed chairman in succession to Lord Smith of Kelvin, who will step down from the Board of SSE plc on Jan. 1, 2016 after 13 years' service.Robert joined the Board of SSE plc as a non-Executive Director in 2003 and became Chairman in 2005.  Full Article

SSE Plc announces disposal of special purpose entities
Wednesday, 12 Nov 2014 02:00am EST 

SSE Plc:Has completed sale, to Equitix Infrastructure 3 Ltd (Equitix), of its 100 pct equity interest in special purpose entities (SPEs) established in England under Private Finance Initiative (PFI), for delivery of seven street lighting projects.SPEs are funded through mix of senior debt and equity, and removal of this project-related senior debt, along with cash consideration of 97.5 mln Pound, will have immediate effect of reducing SSE's net debt by 326.4 mln Pound.SSE's remaining street lighting asset portfolio, which comprises equity interests in four further PFI projects, will be made available for purchase in next few months.  Full Article

SSE PLC reaffirms FY 2015 EPS guidance
Sunday, 28 Sep 2014 09:00pm EDT 

SSE PLC:Says it still expects adjusted EPS in FY 2015 as a whole to be around or slightly greater than in FY 2014.FY 2015 EPS of 119.7 pounds - Thomson Reuters I/B/E/S.  Full Article

SSE PLC announces disposal of SSE Pipelines Ltd
Monday, 1 Sep 2014 10:34am EDT 

SSE PLC:Completes sale of SSE Pipelines Ltd, one of UK's licensed independent gas transporters, to a new fund, Environmental Capital Fund (ECF) for total consideration estimated to be 52.7 million pounds.ECF is managed by Scottish Equity Partners LLP (SEP).  Full Article

SSE PLC completes acquisition of The Energy Solutions Group
Thursday, 31 Jul 2014 10:30am EDT 

SSE PLC:Completes acquisition of The Energy Solutions Group Topco Limited (ESG), Manchester-based designer and provider of energy management solutions.Acquires from Bridgepoint Development Capital, for enterprise value and total cash consideration of 66 mln pounds with potential for further six mln pounds if agreed targets are achieved.Acquisition of ESG complements and enhances SSE's services in competitive markets for industrial and commercial customers.  Full Article

SSE PLC reaffirms FY 2015 EPS guidance
Thursday, 17 Jul 2014 02:00am EDT 

SSE PLC:Continues to expect that its adjusted earnings per share (EPS) for FY 2015 will be around or slightly greater than that achieved in FY 2014 (1.234 pounds).  Full Article

SSE PLC gives FY 2015 EPS guidance in line with analysts' estimates - Conference Call
Wednesday, 21 May 2014 04:00am EDT 

SSE PLC:Expect FY 2015 EPS to be around or slightly greater than the 1.23 pounds.FY 2015 EPS of 1.18 pounds - Thomson Reuters I/B/E/S.  Full Article

SSE PLC proposes final dividend
Wednesday, 21 May 2014 02:00am EDT 

SSE PLC:Proposed final dividend of 60.7 pence per ordinary share.  Full Article

Alkane Energy Plc announces acquisition of 10MW power response site from SSE PLC
Wednesday, 5 Feb 2014 09:26am EST 

Alkane Energy Plc:Says the acquisition of the Wheldale, West Yorkshire power response facilities from SSE PLC, for a total consideration of 1.5 mln pounds.Says the initial consideration for the acquisition is 1.1 mln pounds payable in cash, with a 0.4 mln pounds deferred cash payment to be paid on Oct. 31.Says the acquisition brings a 10MW site with a current installed engine capacity of 7.5MW.Says following the acquisition Alkane's engine capacity allocated to power response has increased from 30MW to 37.5MW, and overall group capacity has reached 90MW.Says as part of the financial arrangements to fund the acquisition Alkane has increased its group banking facilities with Lloyds Bank PLC by 1 mln pounds.Says the balance of the consideration will be funded from group cash flow.  Full Article

EU mergers and takeovers (Oct 27)

BRUSSELS, Oct 27 - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

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