Renewables Infrastructure Grp (The) Dividend Declaration (1976S)
02 November 2023 - 9:18PM
UK Regulatory
TIDMTRIG
RNS Number : 1976S
Renewables Infrastructure Grp (The)
02 November 2023
2 November 2023
The Renewables Infrastructure Group Limited (the 'Company')
Interim Dividend
The Renewables Infrastructure Group Limited (the 'Company') is
pleased to announce the third quarterly interim dividend in respect
of the three month period to 30 September 2023 of 1.795 pence per
ordinary share (the "Q3 Dividend"). The shares will go ex-dividend
on 9 November 2023 and the Q3 Dividend will be paid on 29 December
2023 to shareholders on the register as at the close of business on
10 November 2023.
In accordance with the terms and conditions of the Scrip
Dividend Alternative and the Directors' power to cancel the Scrip
Dividend Alternative where a change in market conditions might, in
the reasonable opinion of the Directors, render the Scrip Dividend
Alternative materially detrimental to those Shareholders electing
for it, the Board has decided to cancel the Scrip Dividend
Alternative in respect of the Q3 Dividend due to the Company's
Ordinary Shares currently trading at a larger than 10% discount to
the published Net Asset Value ("NAV"). Accordingly, Shareholders
will receive the Q3 Dividend in cash and, should they so wish, can
choose to apply the cash dividend in acquiring Ordinary Shares in
the secondary market.
Capitalised terms shall have the meanings given to them in the
Scrip Dividend Circular 2023 (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. The Scrip Circular is also available from the
National Storage Mechanism website (
https://data.fca.org.uk/#/nsm/nationalstoragemechanism )
The Board expects to re-instate the scrip dividend alternative
in respect of future quarterly dividends, subject to an assessment
of the relevant prices and a determination that a re-instatement of
the scrip dividend alternative would be for the benefit of the
Company's shareholders as a whole.
For further information, please contact:
Aztec Financial Services (Guernsey)
Limited
Chris Copperwaite
Laura Dunning +44 (0)1481 749700
InfraRed Capital Partners Limited
Richard Crawford
Phil George +44 (0) 20 7484 1800
Brunswick
Mara James +44 (0) 20 7404 5959
Investec Bank Plc
Lucy Lewis
Denis Flanagan +44 (0) 20 7597 5661
BNP Paribas
Virginia Khoo
Carwyn Evans +44 (0) 20 7595 9444
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END
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