Third Quarterly Interim Dividend

RNS Number : 7936P

HICL Infrastructure Company Ld

12 February 2019

 

12 February 2019

HICL Infrastructure Company Limited

Third Quarterly Interim Dividend

HICL Infrastructure Company Limited (the "Company") is pleased to announce a third quarterly interim dividend for the financial year ending 31 March 2019 of 2.01 pence per ordinary share (the "Q3 Dividend"). The shares will go ex-dividend on 21 February 2019 and the Q3 Dividend will be paid on 22 March 2019 to shareholders on the register as at the close of business on 22 February 2019.

Shareholders should note that the record date (22 February 2019) and payment date (22 March 2019) for the Q3 Dividend each fall one week earlier than was originally envisaged in the Company's quarterly dividend timetable as set out in the Scrip Dividend Circular 2018-19 (the "Scrip Circular"). These dates have been brought forward in order to allow the Company to offer shareholders a scrip dividend alternative to the Q3 Dividend without it impacting unduly upon the process of the Company changing domicile, which is due to take place, subject to shareholder approval, by way of a scheme of arrangement at the end of March. Full details of the scrip dividend alternative (subject to the change in timetable described above) can be found in the Scrip Circular which is available on the Company's website to view and/or download at www.hicl.com/investor-relations/circulars-related-notices. It is also available on the National Storage Mechanism website (www.morningstar.co.uk/uk/NSM).

Shareholders will receive the Q3 Dividend in cash, unless they have previously completed a standing election (a "Scrip Dividend Mandate") to receive scrip shares. Shareholders who would like to receive scrip shares rather than cash, and who have not previously submitted a Scrip Dividend Mandate, should complete the Scrip Dividend Mandate at the back of the Scrip Circular and return it to the Company's UK Transfer Agent, Link Asset Services, by no later than 5.00pm on 08 March 2019.

The reference price of the Scrip Shares in respect of the Q3 Dividend is due to be calculated and published on or around 28 February 2019. If the Company's shares are trading at a price below prevailing Net Asset Value ("NAV") per share on the days preceding the Scrip Share Reference Price calculation day (28 February 2019), such that the Scrip Share Reference Price would be at a discount to the prevailing NAV per share, the Directors may exercise their right to suspend the Scrip Dividend Alternative for the Q3 Dividend, pursuant to paragraph 2 of the Appendix to the Company's Scrip Dividend Circular 2018-19. In this case, all shareholders entitled to receive a dividend of 2.01 pence per share on the record date (22 February 2019) would receive their dividend in cash.

For further information, please contact:

Aztec Financial Services (Guernsey) Limited Chris Copperwaite Laura Dunning	[phone]
InfraRed Capital Partners Limited Harry Seekings Keith Pickard	[phone]
Canaccord Genuity Limited David Yovichic	[phone]
Tulchan Communications David Allchurch Toby Bates	[phone]

 

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