HICL Infrastructure Company Ld Scrip Share Reference Price (0270H)
02 June 2017 - 10:24PM
UK Regulatory
TIDMHICL
RNS Number : 0270H
HICL Infrastructure Company Ld
02 June 2017
2 June 2017
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 fourth quarterly interim
dividend for the financial year ended 31 March 2017 (the "Q4
Dividend") has been set at 171.0p. 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 Q4
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
https://www.hicl.com/investor-relations/circulars-related-notices.
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 1,623,260,735 Ordinary Shares each of
0.01p are in issue.
If all Shareholders were to decide to receive the Q4 Dividend of
1.92p per share in cash (ignoring any dividend waivers), the total
cash dividend payable by the Company would be approximately
GBP31.2m.
If all Shareholders were to elect to receive Scrip Shares
instead of cash in respect of their entire holdings, approximately
18.23 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 1.12% of the
issued Ordinary Share capital of the Company as at today's
date.
The Q4 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 June 2017.
For further information, please contact:
Aztec Financial Services (Guernsey)
Limited
Chris Copperwaite +44 1481 748
Jacques Colley 831
InfraRed Capital Partners Limited
Harry Seekings
Tony Roper +44 20 7484
Keith Pickard 1800
+44 20 7523
Canaccord Genuity Limited 8000
David Yovichic
+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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June 02, 2017 08:24 ET (12:24 GMT)
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