Dividend Declaration

RNS Number : 1152U

GCP Infrastructure Investments Ltd

19 October 2017

 

 GCP Infrastructure Investments Limited 

("GCP Infra" or the "Company")

LEI 213800W64MNATSIV5Z47

Headline:  Dividend Declaration and Scrip Dividend Alternative

19 October 2017

The Board of the Company is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 July 2017 to 30 September 2017. The dividend will be paid on 1 December 2017 to holders of ordinary shares recorded on the register as at the close of business on 27 October 2017.

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 26 October 2017.  A circular and form of election will be sent to shareholders on or around 3 November 2017.  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 17 November. 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	26 October 2017
Record date for dividend	27 October 2017
Posting of Forms of Election	17 November 2017
Final time and date for receipt by the Receiving Agent of Forms of Election and for submission of CREST elections	5.00 pm on 17 November 2017
Posting of dividend cheques	30 November 2017
CREST stock account credited with new Ordinary Shares	01 December 2017
Dividend payment date	01 December 2017
Dealings commence in new Ordinary Shares	01 December 2017
Posting of new Ordinary Share certificates	01 December 2017

Gravis Capital Management Limited Stephen Ellis Rollo Wright Dion Di Miceli	[phone]
Stifel Nicolaus Europe Limited                                      Mark Bloomfield Neil Winward Tunga Chigovanyika	[phone]
Buchanan                                                                            Charles Ryland Henry Wilson Victoria Hayns	[phone]

Notes to the Editor

About GCP Infra

The Company is a closed-ended London Stock Exchange-listed investment company that seeks to generate returns from senior and subordinated infrastructure debt and related and/or similar assets. The Company is advised by Gravis.

 

END

 

 

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