Shareholders agree to proposed interim dividend of 40p per share

  • Posted: 17 Apr 2019

Following the successful sale of two wind farms in February 2019, a General Meeting was held for shareholders to consider two resolutions:

1.1 that the directors be authorised to offer shareholders the right to elect to receive shares instead of cash in respect of dividends declared by the Company;

1.2 to approve an interim dividend of £0.40 per ordinary share to be paid to the holders of ordinary shares on the register of members at the close of business on 15 February 2019.

“The sale of the two wind farms allowed us to take advantage of high levels of market interest in operational wind farms to generate positive financial benefit for shareholders and the company. As well as the interim dividend paid to shareholders, we now have £11 million to invest in new renewable energy projects, to help the UK in its transition to a cleaner, smarter energy system.” Matthew Clayton, Managing Director, Thrive Renewables

Each of the resolutions were put to the meeting and passed on a show of hands. The interim dividends have now been paid to shareholders.

Thrive’s regular Annual General Meeting will be held in Bristol on 15 June. All shareholders are warmly invited. We will welcome a guest speaker and a light lunch will be provided.

“Strictly speaking, we were not obliged to consult our shareholders about the interim dividend. But it is important to us to be transparent and let shareholders have a say in what we do with their money. We were pleased that they were in full agreement with the strategy.” Matthew Clayton, Managing Director, Thrive Renewables