GCP Infrastructure Investments Ltd Dividend Declaration & Scrip Dividend Alternative (9857L)
25 April 2018 - 4:01PM
UK Regulatory
TIDMGCP
RNS Number : 9857L
GCP Infrastructure Investments Ltd
25 April 2018
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MNATSIV5Z47
Headline: Dividend Declaration and Scrip Dividend
Alternative
25 April 2018
GCP Infra, the only UK listed fund focused primarily on
investments in UK infrastructure debt is pleased to announce a
dividend of 1.9 pence per ordinary share, for the period from 1
January 2018 to 31 March 2018. The dividend will be paid on 5 June
2018 to holders of ordinary shares recorded on the register as at
the close of business on 4 May 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 3 May 2018.
Full details of the scrip dividend alternative can be found in
the Scrip Dividend Circular in respect of the financial year ended
30 September 2018 ("Scrip Dividend Circular 2018"), which was
published by the Company on 19 January 2018 and has also been
submitted to the National Storage Mechanism. The Scrip Dividend
circular is available for inspection at 12 Castle Street, St
Helier, JE2 3RT and on the Company's website at
https://www.graviscapital.com/funds/gcp-infra/literature
The reference price for the scrip shares will also be calculated
and published on or around 11 May 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:
Shares quoted ex-dividend 3 May 2018
Record date for dividend 4 May 2018
Publication of reference 11 May 2018
price for scrip dividend
alternative
Final time and date for receipt 5.00 pm on 21 May
by the Receiving Agent of 2018
Scrip dividend mandates and
for submission of CREST elections
Posting of dividend cheques 4 June 2018
CREST stock account credited 5 June 2018
with new Ordinary Shares
Dividend payment date 5 June 2018
Dealings commence in new 5 June 2018
Ordinary Shares
Posting of new Ordinary Share 5 June 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 +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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