Dividend Declaration

RNS Number : 6866D

Bilfinger Berger Gbl Infrstre SICAV

01 May 2013

 



1 May 2013

Bilfinger Berger Global Infrastructure SICAV S.A.

Final Dividend

Bilfinger Berger Global Infrastructure SICAV S.A. (the "Company"/"BBGI") is pleased to announce that a final dividend with scrip alternative for the year ended 31 December 2012 has been approved by shareholders at the Annual General Meeting of the Company held yesterday, 30 April 2013.

Details of the final dividend are as follows:

Dividend per share:                                                                                                               2.75 pence

Ex-Dividend date:                                                                                                                  8 May 2013

Dividend Record date:                                                                                                        10 May 2013

Depository Interest Holders last date to make scrip dividend election:                             11 June 2013

Shareholders last date to make scrip dividend election:                                                   12 June 2013

Payment date/Allotment of scrip dividend shares:                                                            28 June 2013

Together with the interim dividend already paid in autumn 2012, payment of this final dividend is consistent with the Company's target dividend payment of at least 5.5% p.a. by reference to the IPO issue price of £1.00 as set out in the Company's Prospectus dated 6 December 2011.

A scrip alternative is being offered with this dividend to those investors who wish to receive additional BBGI securities in lieu of a cash payment.  A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular together with scrip dividend election forms will be mailed on or about 17 May 2013 to all eligible BBGI shareholders on the register as at the dividend record date, being 10 May 2013. The scrip dividend elections will need to be received as instructed by 11 June 2013 from those investors holding depository interests who wish to receive depository interests representing shares in lieu of cash.  Full details of how and when to respond will be contained in the circular.

Shareholders should note however that, in accordance with the Company's Articles, a scrip alternative is not available if the Scrip Price (being the price at which the scrip dividend shares are issued) is greater than the sum of the Net Asset Value per share plus a commission of 5% of the Net Asset Value per share. The Scrip Price shall be calculated by reference to the higher of the most recent Net Asset Value per share (as calculated by the Company's administrator from time to time) and the volume weighted average price for a fully paid share of the relevant class, as published by the London Stock Exchange plc, for the day on which such shares are first quoted "ex" the relevant dividend and the next immediately following four days on which such shares were traded. If this calculation gives a number in excess of 5% of the net asset value per share, the  scrip alternative will not be offered and a cash dividend only will be paid on the following timetable:

Dividend per share:                                                                                                               2.75 pence

Ex-Dividend date:                                                                                                                  8 May 2013

Dividend Record date:                                                                                                        10 May 2013

Payment date:                                                                                                                     31 May 2013

Distributions on the ordinary shares are planned to be paid twice a year, normally in respect of the six months to 30 June and 31 December. Subject to market conditions and to conditions as prescribed by Luxembourg law, it is intended that distributions will be paid as final dividends shortly after the AGM at the end of April and as interim dividends in the October of each year.

Note: The distribution guidance above is a target only and not a profit forecast. There can be no assurance that this target will be met or that the Company will make any distributions whatsoever.  The times and dates in this announcement are expected times and dates only and are subject to change. Any such changes will be notified to shareholders through a Regulatory Information Service.

For further information, please contact:

Bilfinger Berger Global Infrastructure SICAV S.A.          [phone]

Frank Schramm

Duncan Ball

 

END

 

 

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