HICL Infrastructure Company Ld Fourth Quarterly Interim Dividend (3052O)
16 May 2018 - 11:00PM
UK Regulatory
TIDMHICL
RNS Number : 3052O
HICL Infrastructure Company Ld
16 May 2018
16 May 2018
HICL Infrastructure Company Limited
Fourth Quarterly Interim Dividend and Scrip Dividend Alternative
Suspension
HICL Infrastructure Company Limited ("HICL" or the "Company") is
pleased to announce a fourth quarterly interim dividend for the
financial year ended 31 March 2018 of 1.97 pence per ordinary share
(the "Q4 Dividend"). The shares will go ex-dividend on 24 May 2018
and the Q4 Dividend will be paid on 29 June 2018 to shareholders on
the register as at the close of business on 25 May 2018.
Since July 2008, the Company has provided a scrip dividend
alternative (the "Scrip Dividend Alternative") for shareholders on
the register on the appropriate record date who wish to receive new
ordinary shares in lieu of cash ("Scrip Shares").
The reference price of the Scrip Shares in respect of the Q4
Dividend is due to be calculated and published on or around 1 June
2018. If the Company's shares are trading at a price below
prevailing Net Asset Value ("NAV") per share on the days preceding
the Scrip Share Reference Price calculation day (1 June 2018), such
that the Scrip Share Reference Price would be at a discount to the
prevailing NAV per share, the Directors may exercise their right to
suspend the Scrip Dividend Alternative for the Q4 Dividend,
pursuant to 2(b) of the Appendix to the Company's Scrip Dividend
Circular 2017-18. In this case, all shareholders entitled to
receive a dividend of 1.97 pence per share on the record date (25
May 2018) would receive their dividend in cash.
The Board will keep the Scrip Dividend Alternative under review
each quarter, and shareholders who have previously completed a
standing election (a "Scrip Dividend Mandate") to receive Scrip
Shares are advised that their Scrip Dividend Mandate remains in
place for future periods.
For further information, please contact:
Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Jacques Colley +44 1481 748 831
InfraRed Capital Partners Limited
Harry Seekings
Keith Pickard +44 20 7484 1800
Canaccord Genuity Limited
David Yovichic +44 20 7523 8000
Tulchan Communications
Latika Shah +44 20 7353 4200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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