GCP Infrastructure Investments Ltd Replacement Dividend Declaration & Scrip Dividend (6028M)
14 October 2016 - 11:19PM
UK Regulatory
TIDMGCP
RNS Number : 6028M
GCP Infrastructure Investments Ltd
14 October 2016
GCP Infrastructure Investments Limited
(the "Company")
Headline: Dividend Declaration and Scrip Dividend
Alternative
14 October 2016
The Board of the Company is pleased to announce a dividend of
1.9 pence per ordinary share, for the period from 1 July 2016 to 30
September 2016. The dividend will be paid on 25 November 2016 to
holders of ordinary shares recorded on the register as at the close
of business on 21 October 2016.
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 five consecutive dealing
days commencing on the ex-dividend date of 20 October 2016. A
circular and form of election will be sent to shareholders on or
around 31 October 2016. Shareholders who hold their shares in
certificated form and who wish to automatically receive all or part
of the interim dividend by way of new shares in the Company, not
only on this occasion but on all future occasions where the Company
decides to offer a scrip dividend alternative, should complete and
return the form of election that will be provided to them with the
circular by 5.00pm on 10 November 2016. For shareholders who hold
their shares through CREST, a CREST Dividend Election Input Message
should be submitted on each occasion where a scrip dividend
alternative is offered.
Expected timetable:
Shares quoted ex-dividend 20 October 2016
Record date for dividend 21 October 2016
Posting of Forms of Election 31 October 2016
Final date for receipt by the Receiving 10 November 2016
Agent of
Forms of Election 5 p.m.
Posting of dividend warrants and 24 November 2016
cheques
CREST stock account credited with 25 November 2016
new Ordinary Shares
Dividend payment date 25 November 2016
Dealings commence in new Ordinary 25 November 2016
Shares
Posting of new Ordinary Share Certificates 25 November 2016
Gravis Capital Partners LLP +44 (0)20 7518 1490
Stephen Ellis
Rollo Wright
Dion Di Miceli
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Mark Bloomfield
Neil Winward
Tunga Chigovanyika
Buchanan +44 (0)20 7466 5000
Charles Ryland
Robbie Ceiriog-Hughes
Victoria Watkins
This information is provided by RNS
The company news service from the London Stock Exchange
END
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