GCP Infrastructure Investments Ltd Dividend Declaration & Scrip Dividend Alternative (9343N)
January 24 2019 - 2:00AM
UK Regulatory
TIDMGCP
RNS Number : 9343N
GCP Infrastructure Investments Ltd
24 January 2019
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MNATSIV5Z47
Headline: Dividend Declaration and Scrip Dividend
Alternative
24 January 2019
GCP Infra, the only UK listed fund focused primarily on
investments in UK infrastructure debt is pleased to announce a
dividend of 1.9 pence per ordinary share, for the period from 1
October 2018 to 31 December 2018. The dividend will be paid on 1
March 2019 to holders of ordinary shares recorded on the register
as at the close of business on 1 February 2019.
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 four consecutive dealing
days commencing on the ex-dividend date of 31 January 2019.
Full details of the scrip dividend alternative can be found in
the Scrip Dividend Circular in respect of the financial year ended
30 September 2019 ("Scrip Dividend Circular 2019"), which will
shortly be submitted to the National Storage Mechanism and be
available on the Company's website at
https://www.graviscapital.com/funds/gcp-infra/literature. Copies of
the Scrip Dividend Circular 2019 will also be available for
inspection at 12 Castle Street, St Helier, Jersey JE2 3RT, Channel
Islands.
The reference price for the scrip shares will be calculated and
published on or around 7 February 2019.
Shareholders will receive the dividend in cash unless they have
completed either an evergreen standing election ("Scrip Dividend
Mandate") (for holders of ordinary shares in certificated form
only) or a CREST Dividend Election Input Message (for holders of
ordinary shares in CREST only).
Holders of ordinary shares in certificated form who complete a
Scrip Dividend Mandate will continue to receive scrip shares in
lieu of their entire cash dividend entitlement for future dividends
unless they revoke their Scrip Dividend Mandate, details of which
are set out in the Scrip Dividend Circular 2019. For shareholders
who hold their shares through CREST, a CREST Dividend Election
Input Message should be issued on each occasion where a scrip
dividend alternative is offered.
Expected timetable:
Shares quoted ex-dividend 31 January 2019
Record date for dividend 1 February 2019
Publication of reference price for 7 February 2019
scrip dividend alternative
Final time and date for receipt by 5.00 pm on 15 February
the Receiving Agent of 2019
Scrip dividend mandates and for submission
of CREST elections
CREST stock account credited with 1 March 2019
new Ordinary Shares
Dividend payment date 1 March 2019
Dealings commence in new Ordinary 1 March 2019
Shares
Gravis Capital Management Limited
Stephen Ellis
Rollo Wright
Dion Di Miceli +44 (0)20 3405 8500
Stifel Nicolaus Europe Limited
Mark Bloomfield
Neil Winward
Gaudi Le Roux +44 (0)20 7710 7600
Buchanan/Quill
Helen Tarbet
Sam Emery
Nick Croysdill +44 (0)20 7466 5000
Notes to the Editor
About GCP Infra
GCP Infra is a closed-ended investment company and FTSE-250
constituent whose shares are traded on the main market of the
London Stock Exchange. Its objective is to provide shareholders
with regular, sustained, long term distributions and to preserve
capital over the long term by generating exposure to UK
infrastructure debt and related and/or similar assets. The Company
primarily targets investments in infrastructure projects with long
term, public sector-backed, availability-based revenues. Where
possible, investments are structured to benefit from partial
inflation-protection. GCP Infra is advised by Gravis Capital
Management Limited.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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