Renewables Infrastructure Grp (The) Scrip Share Reference Price (1812A)
25 May 2019 - 1:28AM
UK Regulatory
TIDMTRIG
RNS Number : 1812A
Renewables Infrastructure Grp (The)
24 May 2019
24 May 2019
The Renewables Infrastructure Group Limited (the "Company")
Scrip Share Reference Price
The reference price of a new Ordinary Share under the Company's
scrip dividend alternative for the first quarterly interim dividend
for the financial year ending 31 December 2019 (the "Q1 Dividend")
has been set at 123.52p. 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 Q1
Dividend can be found in the Scrip Dividend Circular 2019 (the
"Scrip Circular") available on the Company's website to view and/or
download at: www.trig-ltd.com in the Investor Relations, 'Reports
& Publications', 'Circulars' section. It is also available from
the National Storage Mechanism website
(www.morningstar.co.uk/uk/NSM).
If all eligible Shareholders were to decide to receive the Q1
Dividend of 1.66p per share in cash (ignoring any dividend
waivers), the total cash dividend payable by the Company would be
approximately GBP23.99 million.
If all eligible Shareholders were to elect to receive Scrip
Shares instead of cash in respect of their entire holdings,
approximately 19.42 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 1.34% of
the issued Ordinary Share capital of the Company as at today's
date.
The Q1 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 28 June 2019.
For further information, please contact:
Enquiries
Aztec Financial Services (Guernsey)
Limited
Chris Copperwaite
Laura Dunning +44 (0)1481 748831
InfraRed Capital Partners Limited
Richard Crawford
Phil George +44 (0) 20 7484 1800
Tulchan Communications
Martin Pengelley
Toby Bates +44 (0) 20 7353 4200
Canaccord Genuity Limited
Andrew Zychowski
Lucy Lewis +44 (0) 20 7523 8000
Liberum Capital Limited
Steve Pearce
Chris Clarke +44 (0) 20 3100 2000
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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