Replacement Dividend Declaration & Scrip Dividend

RNS Number : 6028M

GCP Infrastructure Investments Ltd

14 October 2016

 

GCP Infrastructure Investments Limited

(the "Company")

Headline:  Dividend Declaration and Scrip Dividend Alternative

14 October 2016

The Board of the Company is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 July 2016 to 30 September 2016. The dividend will be paid on 25 November 2016 to holders of ordinary shares recorded on the register as at the close of business on 21 October 2016.

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 20 October 2016.  A circular and form of election will be sent to shareholders on or around 31 October 2016.  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 10 November 2016. 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	20 October 2016
Record date for dividend	21 October 2016
Posting of Forms of Election	31 October 2016
Final date for receipt by the Receiving Agent of Forms of Election 5 p.m.	10 November 2016
Posting of dividend warrants and cheques	24 November 2016
CREST stock account credited with new Ordinary Shares	25 November 2016
Dividend payment date	25 November 2016
Dealings commence in new Ordinary Shares	25 November 2016
Posting of new Ordinary Share Certificates	25 November 2016

Gravis Capital Partners LLP                                                                          [phone]

Stephen Ellis

Rollo Wright

Dion Di Miceli

Stifel Nicolaus Europe Limited                                                                  [phone]

Mark Bloomfield

Neil Winward

Tunga Chigovanyika

Buchanan                                                                                                             [phone]

Charles Ryland

Robbie Ceiriog-Hughes

Victoria Watkins

 

END

 

 

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