SSE PLC

Net Asset Value • Aug 12, 2019

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RNS Number : 6359I

SSE PLC

10 August 2019

SSE plc

SSE statement on discussions relating to possible sale of SSE Energy Services

As it said in its Preliminary Results Statement in May, and reiterated in its Q1 Trading Statement in July, SSE is actively progressing a number of options for the future of SSE Energy Services, having determined that its best future lies outside the SSE group.

In line with this, and noting recent media speculation, SSE plc can confirm it is in discussions with Ovo Group over the possible sale of the SSE Energy Services business, which supplies energy and related services to around 5.7 million household customers across Great Britain.

These discussions are continuing, however no final decisions have been taken and no agreements regarding the terms of any transaction have been entered into. 

The Board remains focused on securing the best long-term future for the business, its customers and employees, and for shareholders.

SSE will provide no further comment on the discussions until a conclusion to them has been reached.

In the meantime, it remains focused on the important work of delivering sector-leading service for its customers.

LEI: 549300KI75VYLLMSK856

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