Dividend Declaration

RNS Number : 4923R

GCP Infrastructure Investments Ltd

20 November 2012

 



GCP Infrastructure Investments Limited

(the "Company")

Headline:  Dividend Declaration and scrip dividend alternative

20 November 2012

The Board of the Company is pleased to announce a final dividend of 3.8 pence per ordinary share, for the period from 1 April 2012 to 30 September 2012. The final dividend will be paid on 28 December 2012 to holders of ordinary shares recorded on the register as at the close of business on 30 November 2012.

The Company will also be offering a scrip dividend alternative under which shareholders may elect to receive new ordinary shares in lieu of the cash dividend.  The price of a new ordinary share to be issued under the scrip dividend alternative will be calculated by taking the average of the Company's closing middle market quotations of an ordinary share for the five consecutive dealing days commencing on the ex-dividend date of 28 November 2012.  A circular and form of election will be sent to shareholders on or around 6 December 2012.  Shareholders who hold their shares in certificated form and who wish to automatically receive all or part of the interim dividend by way of new shares in the Company, not only on this occasion but on all future occasions where the Company decides to offer a scrip dividend alternative, should  complete and return the form of election that will be provided to them with the circular by 5.00pm on 19 December 2012.  For shareholders who hold their shares through CREST, a CREST Dividend Election Input Message should be submitted on each occasion where a scrip dividend alternative is offered. 

Expected timetable:

Shares quoted ex-dividend	28 November 2012
Record date for dividend	30 November 2012
Posting of Forms of Election	6 December 2012
Final date for receipt by the Receiving Agent of Forms of Election	5.00pm (London time) on 19 December 2012
Posting of dividend warrants and new Ordinary Share certificates	27 December 2012
CREST stock account credited with new Ordinary Shares	28 December 2012
Dividend payment date	28 December 2012
Dealings commence in new Ordinary Shares	28 December 2012

Contact details:
Gravis Capital Partners LLP
Stephen Ellis	[phone]
Rollo Wright	[phone]
Oriel Securities
Joe Winkley	[phone]
Gareth Price
Neil Winward
Tunga Chigovanyika
Buchanan
Charles Ryland	[phone]

About GCP Infrastructure Investments Limited

 The Company is a closed-ended investment company that seeks to generate returns from subordinated PFI debt and related and/or similar assets (the "Target Assets"). The Company achieves this by investing substantially all of its capital in the Master Fund, an open-ended investment company that holds the Target Assets. The Company is the majority shareholder of the Master Fund.

End of Announcement

 

END

 

 

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