Termination of Discussions with RMII

GCP Infrastructure Investments Ltd

06 September 2023

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

6 September 2023

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI: 213800W64MNATSIV5Z47

Termination of Discussions with RMII

In the Company's announcement on 11 August 2023, the Board of GCP Infra announced that it was in discussions with the Board of RM Infrastructure Income plc ("RMII") regarding a potential combination (the "RM Scheme").

The Board of GCP Infra has been unable to agree on structure and terms with RMII in respect of the RM Scheme that are acceptable to both parties. GCP Infra has therefore notified RMII of the termination of discussions relating to the RM Scheme.

As per its announcement on 11 August, GCP Infra remains in discussions with the board of GCP Asset Backed Income Fund Limited ("GABI") in respect of a proposed combination of GCP Infra with GABI (the "GABI Scheme"). Heads of Terms have been agreed and a shareholder feedback exercise is being conducted. A circular to shareholders of the Company, providing further details of the Proposals and convening a general meeting to approve the Investment Policy Change, alongside a prospectus, is expected to be published in due course.

For further information please contact:

Gravis Capital Management Limited Philip Kent Ed Simpson Cameron Gardner	[phone]
Stifel Nicolaus Europe Limited (Sponsor, Financial Adviser and Broker) Edward Gibson-Watt Jonathan Wilkes-Green Catriona Neville	[phone]
Buchanan Helen Tarbet Henry Wilson George Beale	[phone]

Important Information

This announcement contains statements about the Company that are or may be deemed to be forward looking statements. Without limitation, any statements preceded or followed by or that includes the words "targets", "plans", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "estimates", "projects" or words or terms of similar substance of the negative thereof, may be forward looking statements.

These forward looking statements are not guarantees of future performance. Such forward looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Many factors could cause actual results to differ materially from those projected or implied in any forward looking statement. Due to such uncertainties and risks, readers should not rely on such forward looking statements, which speak only as of the date of this announcement, except as required by applicable law.

The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of such jurisdictions.

Market Abuse Regulation

The information contained within this announcement would have, prior to its release, constituted inside information as stipulated under Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019 ("UK MAR"). Upon the publication of this announcement via a regulatory information service, this inside information will be considered to be in the public domain.

For the purposes of UK MAR, the person responsible for making this announcement is Satty Grewal-Carter, Manager at Apex Financial Services (Alternative Funds) Limited.  

 

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