Renewables Infrastructure Grp (The) Scrip Share Reference Price (1586M)
May 19 2022 - 10:50AM
UK Regulatory
TIDMTRIG
RNS Number : 1586M
Renewables Infrastructure Grp (The)
19 May 2022
19 May 2022
The Renewables Infrastructure Group Limited (the "Company")
Scrip Share Reference Price
The reference price of a new Ordinary Share under the Company's
scrip dividend alternative for the first quarterly interim dividend
for the financial year ending 31 December 2022 (the "Q1 Dividend")
has been set at 131.52p. This is the average of the middle market
prices of the Company's shares derived from the London Stock
Exchange Daily Official List for the ex-dividend date and the four
subsequent dealing days.
Further details of the scrip dividend alternative to the Q1
Dividend can be found 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 Investors, 'Reports &
Publications' section. It is also available from the National
Storage Mechanism website (
https://data.fca.org.uk/#/nsm/nationalstoragemechanism ).
If all eligible Shareholders were to decide to receive the Q1
Dividend of 1.71p per share in cash (ignoring any dividend
waivers), the total cash dividend payable by the Company would be
approximately GBP42.41m.
If all eligible Shareholders were to elect to receive Scrip
Shares instead of cash in respect of their entire holdings,
approximately 32.24 million Scrip Shares would be issued based on
the reference price (ignoring any dividend waivers and any rounding
down in respect of fractions), representing approximately 1.30% of
the issued Ordinary Share capital of the Company as at today's
date.
The Q1 Dividend payment date and the date for admission and
dealing of the new Ordinary Shares to be issued pursuant to the
scrip dividend alternative is expected to be 30 June 2022.
For further information, please contact:
Enquiries
Aztec Financial Services (Guernsey)
Limited
Chris Copperwaite
Lucy Smith +44 (0)1481 748831
InfraRed Capital Partners Limited
Richard Crawford
Phil George +44 (0) 20 7484 1800
Maitland/AMO
Rhys Jones
Charles Withey +44 (0) 20 7379 5151
Investec Bank Plc
Lucy Lewis
Denis Flanagan +44 (0) 20 7597 5661
Liberum Capital Limited
Chris Clarke
Darren Vickers
Owen Matthews +44 (0) 20 3100 2000
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END
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