Renewables Infrastructure Grp (The) Dividend Declaration
February 15 2024 - 4:58AM
RNS Regulatory News
RNS Number : 2810D
Renewables Infrastructure Grp (The)
15 February 2024
15 February 2024
The
Renewables Infrastructure Group Limited (the
'Company')
Interim Dividend
The Renewables Infrastructure Group
Limited (the 'Company') is pleased to announce the fourth quarterly
interim dividend in respect of the three month period to 31
December 2023 of 1.795 pence per ordinary share (the "Q4
Dividend"). The shares will go ex-dividend on 22 February
2024 and the Q4 Dividend will be paid on 28 March 2024 to
shareholders on the register as at the close of business on 23
February 2024.
In accordance with the terms and
conditions of the Scrip Dividend Alternative and the Directors'
power to cancel the Scrip Dividend Alternative where a change in
market conditions might, in the reasonable opinion of the
Directors, render the Scrip Dividend Alternative materially
detrimental to those Shareholders electing for it, the Board has
decided to cancel the Scrip Dividend Alternative in respect of the
Q4 Dividend due to the Company's Ordinary Shares currently trading
at a larger than 10% discount to the published Net Asset
Value ("NAV"). Accordingly, Shareholders
will receive the Q4 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 2023 (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. The Scrip Circular 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:
Aztec Financial Services (Guernsey)
Limited
Chris Copperwaite
Laura Dunning
|
+44 (0)1481 749700
|
InfraRed Capital Partners
Limited
Richard Crawford
Phil George
|
+44 (0) 20 7484 1800
|
Brunswick
Mara James
|
+44 (0) 20 7404 5959
|
Investec Bank Plc
Lucy Lewis
Denis Flanagan
|
+44 (0) 20 7597 5661
|
BNP Paribas
Virginia Khoo
Carwyn Evans
|
+44 (0) 20 7595 9444
|
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
DIVGPUMAPUPCUBA
The Renewables Infrastru... (LSE:TRIG)
Historical Stock Chart
From Apr 2024 to May 2024
The Renewables Infrastru... (LSE:TRIG)
Historical Stock Chart
From May 2023 to May 2024