TIDMTRIG

RNS Number : 9398Z

Renewables Infrastructure Grp (The)

18 May 2023

18 May 2023

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 2023 (the "Q1 Dividend") has been set at 134.8 pence, being the prevailing Net Asset Value per Ordinary Share of 134.8 pence (as at 31 March 2023, announced on 4 May).

The final date for receiving Scrip elections, or revoking a Scrip Dividend Mandate in the event that a shareholder does not wish to receive Scrip Shares at a premium to the prevailing Ordinary Share price, is 7 June 2023 (the "Scrip Election Deadline").

Further details of the scrip dividend alternative to the Q1 Dividend can be found in the circular to shareholders published by the Company on 30 March 2023 in respect of the scrip dividend (the "Scrip Circular"). The Scrip Circular is available on the Company's website to view and/or download at: www.trig-ltd.com in the Investors, 'Reports & Publications' section. It is also available from the National Storage Mechanism website ( https://data.fca.org.uk/#/nsm/nationalstoragemechanism ).

If all eligible Shareholders were to decide to receive the Q1 Dividend of 1.795p per share in cash (ignoring any dividend waivers), the total cash dividend payable by the Company would be approximately GBP44.58m.

If all eligible Shareholders were to elect to receive Scrip Shares instead of cash in respect of their entire holdings, approximately 33.07 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 1.33% 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 30 June 2023 unless otherwise advised.

Capitalised terms used in this announcement shall have the meanings attributed to them in the Scrip Circular unless otherwise defined.

LEI: 213800NO6Q7Q7HMOMT20

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 
 H/Advisors Maitland 
  Charles Withey                        +44 (0) 20 7379 5151 
 Investec Bank Plc 
  Lucy Lewis 
  Tom Skinner                           +44 (0) 20 7597 5661 
 BNP Paribas 
  Virginia Khoo 
  Carwyn Evans                          +44 (0) 20 7595 9444

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May 18, 2023 11:21 ET (15:21 GMT)

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