Scrip Share Reference Price

RNS Number : 2722G

Renewables Infrastructure Grp (The)

25 May 2017

 

25 May 2017

The Renewables Infrastructure Group Limited (the "Company")

Scrip Share Reference Price

The reference price of a new Ordinary Share under the Company's scrip dividend alternative for the first quarterly interim dividend for the financial year ending 31 December 2017 (the "Q1 Dividend") has been set at 110.94p.  This is the average of the middle market prices of the Company's shares derived from the London Stock Exchange Daily Official List for the ex-dividend date and the four subsequent dealing days.

Further details of the scrip dividend alternative to the Q1 Dividend can be found in the Scrip Dividend Circular 2017 (the "Scrip Circular") available on the Company's website to view and/or download at: www.trig-ltd.com in the Investor Relations, 'Reports & Publications', 'Circulars' section.  It is also available from the National Storage Mechanism website (www.morningstar.co.uk/uk/NSM).

If all Shareholders were to decide to receive the Q1 Dividend of 1.60p per share in cash (ignoring any dividend waivers), the total cash dividend payable by the Company would be approximately £15.06m, subject (where relevant) to a non-payable tax credit of one ninth of the amount of such dividend.

If all Shareholders were to elect to receive Scrip Shares instead of cash in respect of their entire holdings, approximately 13.57  million Scrip Shares would be issued based on the reference price (ignoring any dividend waivers and any rounding down in respect of fractions), representing approximately 1.44% of the issued Ordinary Share capital of the Company as at today's date.

The Q1 Dividend payment date and the date for admission and dealing of the new Ordinary Shares to be issued pursuant to the scrip dividend alternative is expected to be 30 June 2017.

For further information, please contact:

Enquiries

Aztec Financial Services (Guernsey) Limited Chris Copperwaite Jacques Colley	[phone]
InfraRed Capital Partners Limited Richard Crawford Matt Dimond Phil George	[phone]
Tulchan Communications Doug Campbell Latika Shah	[phone]
Canaccord Genuity Limited Andrew Zychowski Helen Goldsmith Denis Flanagan	[phone]
Liberum Capital Limited Steve Pearce Chris Clarke	[phone]

 

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