Cancellation of Scrip Dividend Alternative

RNS Number : 5600H

Renewables Infrastructure Grp (The)

25 November 2022

 

25 November 2022

The Renewables Infrastructure Group Limited (the "Company")

Cancellation of Scrip Dividend Alternative

The Board has taken the decision to cancel the scrip dividend alternative in respect of the Q3 Dividend on the basis that the Reference Price would be below the Net Asset Value of the Company. Shareholders will be paid their dividend in cash and, should they so wish, can choose to apply the cash dividend in acquiring Ordinary Shares in the secondary market.

Capitalised terms shall have the meanings given to them in the Scrip Dividend Circular 2022 (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 ( https://data.fca.org.uk/#/nsm/nationalstoragemechanism ).

The Board expects to re-instate the scrip dividend alternative in respect of future quarterly dividends, subject to an assessment of the relevant prices and a determination that a re-instatement of the scrip dividend alternative would be for the benefit of the Company's shareholders as a whole.

For further information, please contact:

Enquiries

Aztec Financial Services (Guernsey) Limited Chris Copperwaite Laura Dunning	[phone]
InfraRed Capital Partners Limited Richard Crawford Phil George	[phone]
Maitland/AMO Rhys Jones Charles Withey	[phone]
Investec Bank Plc Lucy Lewis Denis Flanagan	[phone]
BNP Paribas  Virginia Khoo Carwyn Evans	[phone]

 

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