HICL Infrastructure Company Ld Scrip Share Reference Price (7333Q)
02 December 2016 - 1:27AM
UK Regulatory
TIDMHICL
RNS Number : 7333Q
HICL Infrastructure Company Ld
01 December 2016
1 December 2016
HICL Infrastructure Company Limited (the "Company")
Scrip Share Reference Price
The reference price of a new Ordinary Share under the Company's
scrip dividend alternative for the second quarterly interim
dividend for the financial year ending 31 March 2017 (the "Q2
Dividend") has been set at 161.34p. This is the average of the
middle market prices of the Company's shares derived from the
London Stock Exchange Daily Official List for the ex-dividend date
and the four subsequent dealing days.
Further details of the scrip dividend alternative to the Q2
Dividend can be found in the Scrip Dividend Circular 2016-17 (the
"Scrip Circular") available on the Company's website to view and/or
download at www.hicl.com in the Investor Relations, 'Reports &
Publications', 'Circulars & Related Notices' section. It is
also available on the National Storage Mechanism website
(www.morningstar.co.uk/uk/NSM).
As at today's date, the authorised share capital of the Company
is GBP199,999.99 of which 1,457,706,805 Ordinary Shares each of
0.01p are in issue.
If all Shareholders were to decide to receive the Q2 Dividend of
1.91p per share in cash (ignoring any dividend waivers), the total
cash dividend payable by the Company would be approximately
GBP27.8m.
If all Shareholders were to elect to receive Scrip Shares
instead of cash in respect of their entire holdings, approximately
17.26 million Scrip Shares would be issued based on the reference
price (ignoring any dividend waivers and any rounding down in
respect of fractions), representing approximately 1.18% of the
issued Ordinary Share capital of the Company as at today's
date.
The Q2 Dividend payment date and the date for admission and
dealing of the new Ordinary Shares to be issued pursuant to the
scrip dividend alternative is expected to be 30 December 2016.
For further information, please contact:
Aztec Financial Services (Guernsey)
Limited
Chris Copperwaite
Jacques Colley +44 1481 748831
InfraRed Capital Partners Limited +44 20 7484
Tony Roper 1800
Keith Pickard
Harry Seekings
+44 20 7523
Canaccord Genuity Limited 8000
David Yovichic
Dominic Waters
Neil Brierley
Will Barnett
+44 20 7353
Tulchan Communications 4200
David Allchurch
Latika Shah
This information is provided by RNS
The company news service from the London Stock Exchange
END
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