Dividend Declaration

RNS Number : 8787L

BBGI SICAV S.A.

30 April 2015

 



30 April 2015

BBGI SICAV S.A.

(the "Company")

Final Dividend

BBGI SICAV S.A. (LSE ticker: BBGI), the global infrastructure investment company, is pleased to announce that a final dividend with scrip alternative for the year ended 31 December 2014 has been approved by shareholders at the Annual General Meeting of the Company held today, 30 April 2015.

Details of the final dividend are as follows:

Dividend per share:                                                                                                                                 2.88 pence

Ex-Dividend date:                                                                                                                                 14 May 2015

Dividend Record date:                                                                                                                           15 May 2015

Depository Interest Holders last date to make scrip dividend election:                                                       11 June 2015

Shareholders last date to make scrip dividend election:                                                                           12 June 2015

Payment date/Allotment of scrip dividend shares:                                                                                    03 July 2015

Payment of this final dividend is consistent with the Company's revised target dividend payment of at least 5.76 pence per share p.a. This revised target represents an increase of 4.7% on the previous target dividend payment of 5.5% p.a. by reference to the IPO Issue Price of £1.

A scrip alternative is being offered with this dividend to those investors who wish to receive additional BBGI securities in lieu of a cash payment.  A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular together with scrip dividend election forms will be mailed on or about 26 May 2015 to all eligible BBGI shareholders on the register as at the dividend record date, being 15 May 2015. The scrip dividend elections will need to be received as instructed by 11 June 2015 from those investors holding depository interests who wish to receive depository interests representing shares in lieu of cash.  Full details of how and when to respond will be contained in the circular.

Distributions on the ordinary shares are planned to be paid twice a year, normally in respect of the six months to 30 June and 31 December, subject to market conditions and to conditions as prescribed by Luxembourg law.

Note: The distribution guidance above is a target only and not a profit forecast. There can be no assurance that this target will be met or that the Company will make any distributions whatsoever.  The times and dates in this announcement are expected times and dates only and are subject to change. Any such changes will be notified to shareholders through a Regulatory Information Service.

For further information, please contact:

BBGI Management Team        [phone]

Frank Schramm

Duncan Ball

BBGI owns a global portfolio of 36 infrastructure assets. These are PPP assets and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

Further information about BBGI is available on its website at www.bb-gi.com *.

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

*Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.                                                                                   

 

END

 

 

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