GCP Infrastructure Investments Ltd Dividend Declaration & Scrip Dividend Alternative (4170F)
12 July 2019 - 11:42PM
UK Regulatory
TIDMGCP
RNS Number : 4170F
GCP Infrastructure Investments Ltd
12 July 2019
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MNATSIV5Z47
Headline: Dividend Declaration and Scrip Dividend
Alternative
12 July 2019
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
April 2019 to 30 June 2019. The dividend will be paid on 23 August
2019 to holders of ordinary shares recorded on the register as at
the close of business on 26 July 2019.
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 July 2019.
Full details of the scrip dividend alternative can be found in
the Scrip Dividend Circular in respect of the financial year ended
30 September 2019 ("Scrip Dividend Circular 2019"), which has been
submitted to the National Storage Mechanism and 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 1 August 2019.
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 2019. 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 25 July 2019
Record date for dividend 26 July 2019
Publication of reference price for 1 August 2019
scrip dividend alternative
Final time and date for receipt by 5.00 pm on 9 August 2019
the Receiving Agent of
Scrip dividend mandates and for submission
of CREST elections
CREST stock account credited with 23 August 2019
new Ordinary Shares
Dividend payment date 23 August 2019
Dealings commence in new Ordinary 23 August 2019
Shares
Gravis Capital Management Limited
Philip Kent
Dion Di Miceli +44 (0)20 3405 8500
Stifel Nicolaus Europe Limited
Mark Bloomfield
Neil Winward
Gaudi Le Roux +44 (0)20 7710 7600
Buchanan/Quill
Helen Tarbet
Sam Emery
Nick Croysdill +44 (0)20 7466 5000
Notes to the Editor
About GCP Infra
GCP Infra is a closed-ended investment company and FTSE-250
constituent whose shares are traded on the main market of the
London Stock Exchange. Its objective is to provide shareholders
with regular, sustained, long-term distributions and to preserve
capital over the long term by generating exposure to UK
infrastructure debt and related and/or similar assets. The Company
primarily targets investments in infrastructure projects, with long
term, public sector-backed, availability-based revenues. Where
possible, investments are structured to benefit from partial
inflation protection. GCP Infra is advised by Gravis Capital
Management Limited.
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.
END
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