GCP Infrastructure Investments Ltd Dividend Declaration & Scrip Dividend Alternative (3115C)
19 January 2018 - 6:00PM
UK Regulatory
TIDMGCP
RNS Number : 3115C
GCP Infrastructure Investments Ltd
19 January 2018
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MNATSIV5Z47
Headline: Dividend Declaration and Scrip Dividend
Alternative
19 January 2018
The Board of GCP Infra is pleased to announce a dividend of 1.9
pence per ordinary share, for the period from 1 October 2017 to 31
December 2017. The dividend will be paid on 23 February 2018 to
holders of ordinary shares recorded on the register as at the close
of business on 26 January 2018.
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 25 January 2018.
Full details of the scrip dividend alternative will be found in
the Scrip Dividend Circular in respect of the financial year ended
30 September 2018 ("Scrip Dividend Circular 2018"), which is
expected to be published by the Company on 19 January 2018 and
which will be submitted to the National Storage Mechanism and be
available for inspection at 12 Castle Street, JE2 3RT St. Helier
and on the Company's website at
https://www.graviscapital.com/funds/gcp-infra/literature
Copies of the Scrip Dividend Circular 2018 will be posted to
shareholders on 23 January 2018 and will also be available from the
Company's registered office at 12 Castle Street, St Helier, Jersey
JE2 3RT, Channel Islands.
The reference price for the scrip shares will also be calculated
and published on or around 1 February 2018.
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 2018. 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:
Publication of scrip dividend 19 January 2018
circular
Shares quoted ex-dividend 25 January 2018
Record date for dividend 26 January 2018
Publication of reference 1February 2018
price for scrip dividend
alternative
Final time and date for receipt 5.00 pm on 9 February
by the Receiving Agent of 2018
Scrip Dividend Mandates and
for submission of CREST elections
Posting of dividend cheques 22 February 2018
Admission to listing of new 23 February 2018
Ordinary Shares
Dividend payment date 23 February 2018
Dealings commence in new 23 February 2018
Ordinary Shares
Posting of new Ordinary Share 23 February 2018
certificates
Gravis Capital Management
Limited
Stephen Ellis
Rollo Wright
Dion Di Miceli +44 (0)20 3405 8500
Stifel Nicolaus Europe Limited
Mark Bloomfield
Neil Winward
Tunga Chigovanyika +44 (0)20 7710 7600
Buchanan
Charles Ryland
Henry Wilson
Victoria Haynes +44 (0)20 7466 5000
Notes to the Editor
About GCP Infra
The Company is a closed-ended London Stock Exchange-listed
investment company that seeks to generate returns from senior and
subordinated infrastructure debt and related and/or similar assets.
The Company is advised by Gravis.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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