Press Releases

In line with our commitment to communicate with all our stakeholders, this section provides a range of resources for journalists and other parties interested in any aspect of the SSE group of companies.

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Policy on market speculation

SSE strongly supports the fundamental principle that all investors should be treated equally and that information about any transactions in which it is involved should be disclosed in a timely manner consistent with the Disclosure Rules and Transparency Rules ('the Rules') overseen by the Financial Services Authority (FSA).

Nevertheless, in common with other listed companies, SSE frequently receives enquiries on the subject of possible transactions involving acquisitions or disposals. Experience suggests that many enquiries of this kind put to companies are prompted by parties with an interest in or motive for promoting speculation or unfounded rumours.

SSE does not comment on such enquiries suggesting transactions which could affect its listing on the London Stock Exchange or involve another listed company, ‘on’ or ‘off’ the record.  The consistent application of this policy means no-one making such an enquiry can infer an answer which could potentially be deemed to amount to selective disclosure, which is prohibited by the Rules.

SSE also does not comment on media or other reports suggesting possible transactions involving acquisitions or disposals. We would only do so if they contained information of substance which required formal disclosure in accordance with the Rules.

Any transactions involving SSE which are entered into are, of course, disclosed in a timely manner in accordance with the listing rules. Where we felt we needed to depart from this policy, we would notify the Financial Services Authority and the Takeover Panel.