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Post-transaction report - SSE 2026

Post-transaction report

Name of issuer	SSE plc
Transaction details	The Equity Issue of 97,916,637 new Ordinary Shares comprises the Placing to institutional investors, the Retail Offer to eligible UK retail investors and the Subscription by the executive management team and certain other directors, and represents, in aggregate, approximately 8.8 per cent. of the existing issued ordinary share capital of the Company prior to the Equity Issue. Settlement for the Placing Shares, Retail Offer Shares and Subscription Shares and Admission are expected to take place on or before 8.00 a.m. on 14 November 2025.
Use of proceeds	The net proceeds of the Equity Issue will be used as part of the overall funding of the Company's £33bn five-year strategic investment and capital expenditure plan for FY26-30, as further detailed in a separate announcement released by the Company earlier today.
Quantum of proceeds	In aggregate, the Placing, Retail Offer and Subscription raised gross proceeds of approximately £2.0bn and net proceeds of approximately £2.0bn.
Discount	The Placing Price of 2,050 pence represents a premium of 3.8 per cent. to the closing price on 11 November 2025, which was 1,975 pence.
Allocations	Soft pre-emption has been adhered to in the allocations process, where possible. Allocations were determined by a sub-committee of the Board, and allocations were carried out in compliance with the applicable allocation requirements. Allocations made outside of soft pre-emption were preferentially directed towards existing shareholders in excess of their pro rata, and wall-crossed investors.
Consultation	Prior to launch of the Placing, the Joint Global Co-ordinators undertook a market sounding process, including with major shareholders, to the extent reasonably practicable and permitted by law.
Retail investors	The Equity Issue included the Retail Offer, for a total of 339,342 Retail Offer Shares, via RetailBook. Eligible retail investors in the UK who participated in the Retail Offer were able to do so at the same Placing Price as the institutional investors participating in the Placing and the directors subscribing in the Subscription. In accordance with soft pre-emption principles, Retail Offer allocations were prioritised for existing shareholders to ensure they receive at least their pro-rata entitlement.

Post-transaction report - SSE 2026

Post-transaction report

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