Renewables Infrastructure Grp (The) Dividend Declaration (7334O)

TIDMTRIG

RNS Number : 7334O

Renewables Infrastructure Grp (The)

02 February 2023

2 February 2023

The Renewables Infrastructure Group Limited (the 'Company')

Interim Dividend

The Company is pleased to announce the fourth quarterly interim dividend in respect of the three month period to 31 December 2022 of 1.71 pence per ordinary share (the "Q4 Dividend"). The shares will go ex-dividend on 9 February 2023 and the Q4 Dividend will be paid on 31 March 2023 to shareholders on the register as at the close of business on 10 February 2023.

Due to the Company's ordinary shares currently trading at a discount to the published Net Asset Value ("NAV") which would result in the Scrip Share Reference Price (as defined in the circular published by the Company on 7 April 2022) being lower than NAV a scrip dividend alternative is not being offered on this occasion.

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.

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:

 
 Aztec Financial Services (Guernsey) 
  Limited 
  Chris Copperwaite 
  Laura Dunning                         +44 (0)1481 748831 
 InfraRed Capital Partners Limited 
  Richard Crawford 
  Phil George                           +44 (0) 20 7484 1800 
 H/Advisors Maitland 
  Rhys Jones 
  Charles Withey                        +44 (0) 20 7379 5151 
 Investec Bank Plc 
  Lucy Lewis 
  Denis Flanagan                        +44 (0) 20 7597 5661 
 BNP Paribas 
  Virginia Khoo 
  Carwyn Evans                          +44 (0) 20 7595 9444

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