Dividend Declaration & Scrip Dividend Alternative

RNS Number : 5361U

GCP Infrastructure Investments Ltd

16 October 2014

 



GCP Infrastructure Investments Limited

(the "Company")

Headline:  Dividend Declaration and scrip dividend alternative

16 October 2014

The Board of the Company is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 July 2014 to 30 September 2014. The dividend will be paid on 25 November 2014 to holders of ordinary shares recorded on the register as at the close of business on 24 October 2014.

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 23 October 2014.  A circular and form of election will be sent to shareholders on or around 30 October 2014.  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 18 November 2014.  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	23 October 2014
Record date for dividend	24 October 2014
Posting of Forms of Election	30 October 2014
Final date for receipt by the Receiving Agent  of Forms of Election	5pm 18 November 2014
Posting of dividend warrants and cheques	24 November 2014
CREST stock account credited with new Ordinary Shares	25 November 2014
Dividend payment date	25 November 2014
Dealings commence in new Ordinary Shares	25 November 2014
Posting of new Ordinary Share Certificates	25 November 2014

Contact:

Gravis Capital Partners LLP
Stephen Ellis	[phone]
Rollo Wright	[phone]
Oriel Securities
Neil Winward	[phone]
Mark Bloomfield
Cenkos Securities
Dion Di Miceli	[phone]
Tom Scrivens	[phone]
Buchanan
Charles Ryland	[phone]
Sophie McNulty

 

End of Announcement

 

END

 

 

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