Renewables Infrastructure Grp (The) Dividend Declaration
06 February 2025 - 9:02PM
RNS Regulatory News
RNS Number : 1909W
Renewables Infrastructure Grp (The)
06 February 2025
6 February 2025
The
Renewables Infrastructure Group Limited
Interim Dividend
The Renewables Infrastructure Group
Limited (the "Company") is pleased to announce the fourth quarterly
interim dividend in respect of the three month period to 31
December 2024 of 1.8675 pence per ordinary share (the "Q4
Dividend"). The shares will go ex-dividend on 13 February
2025 and the Q4 Dividend will be paid on 31 March 2025 to
shareholders on the register as at the close of business on 14
February 2025.
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
Q4 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 Q4 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 2024 (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)
Any re-instatement of the scrip
dividend alternative in respect of future quarterly dividends will
be subject to an assessment by the Board 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
Minesh Shah
Phil George
|
+44 (0) 20 7484 1800
|
Brunswick
Mara James
|
+44 (0) 20 7404 5959
|
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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END
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