GCP Infrastructure Investments Ltd Dividend Declaration & Scrip Dividend Alternative (3302Q)
28 October 2021 - 11:54PM
UK Regulatory
TIDMGCP
RNS Number : 3302Q
GCP Infrastructure Investments Ltd
28 October 2021
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MNATSIV5Z47
Headline: Dividend Declaration and Scrip Dividend
Alternative
28 October 2021
GCP Infra, the only UK listed fund focused primarily on
investments in UK infrastructure debt is pleased to announce a
dividend of 1.75 pence per ordinary share, for the period from 1
July 2021 to 30 September 2021. The dividend will be paid on 9
December 2021 to holders of ordinary shares recorded on the
register as at the close of business on 5 November 2021.
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 ex-dividend date of 4
November 2021 and the four subsequent dealing days.
Full details of the scrip dividend alternative can be found in
the Scrip Dividend Circular in respect of the financial year ended
30 September 2021 ("Scrip Dividend Circular 2021"), 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 be calculated and
published on or around 11 November 2021.
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 2021. 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 4 November 2021
Record date for dividend 5 November 2021
Publication of reference price for 11 November 2021
scrip dividend alternative
Final time and date for receipt by 5.00 pm on 24 November
the Receiving Agent of 2021
Scrip dividend mandates and for submission
of CREST elections
CREST stock account credited with 9 December 2021
new Ordinary Shares
Dividend payment date 9 December 2021
Dealings commence in new Ordinary 9 December 2021
Shares
Gravis Capital Management Limited
Phil Kent +44 (0)20 3405 8500
Stifel Nicolaus Europe Limited
Mark Bloomfield
Nick Donovan +44 (0)20 7710 7600
Buchanan/Quill
Helen Tarbet
Sarah Gibbons-Cook
Henry Wilson +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.
GCP Infra has been awarded with the London Stock Exchange's
Green Economy Mark in recognition of its contribution to positive
environmental outcomes.
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