Dividend Declaration

RNS Number : 3895X

BBGI SICAV S.A.

28 August 2020

 

28 August 2020

BBGI SICAV S.A.

(the "Company")

Interim Dividend

The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (Regulation 596/2014). Upon the publication of this Announcement via a Regulatory Information Service this inside information is now considered to be in the public domain.

BBGI SICAV S.A. (LSE ticker: BBGI), the global infrastructure investment company, is pleased to declare an interim dividend of 3.59 pence per share with scrip alternative for the period 1 January - 30 June 2020, to be paid on 22 October 2020. Payment of this interim dividend is consistent with the Company's target dividend payment of 7.18 pence per share in respect of the financial year ended 31 December 2020.

Details of the interim dividend are as follows:

Dividend per share:                                                                                                                       3.59 pence

Ex-Dividend date:                                                                                                            10 September 2020

Dividend Record date:                                                                                                     11 September 2020

Depository Interest Holders last date to make scrip dividend election:                                  7 October 2020

Shareholders last date to make scrip dividend election:  8 October 2020

Payment date/Allotment of scrip dividend shares:  22 October 2020

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 21 September 2020 to all eligible BBGI shareholders on the register as at the dividend record date, being 11 September 2020. The scrip dividend elections will need to be received as instructed by 7 October 2020 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.

Distributions on the ordinary shares are planned to be paid twice a year, subject to market conditions and to conditions as prescribed by Luxembourg law.

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:

BBGI Management Team   [phone]

Duncan Ball

Frank Schramm

BBGI is a FTSE 250 company and owns a global portfolio of 49 infrastructure assets. These are PPP assets and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

Further information about BBGI is available on its website at www.bb-gi.com *.

The Company's LEI is: 529900CV0RWCOP5YHK95

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

 

END

 

 

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