Dividend Declaration & Scrip Dividend Alternative

RNS Number : 7738X

GCP Infrastructure Investments Ltd

16 January 2014

 



GCP Infrastructure Investments Limited

(the "Company")

Dividend Declaration and Scrip Dividend Alternative

16 January 2014

The Board of the Company is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 October 2013 to 31 December 2013. The dividend will be paid on 25 February 2014 to holders of ordinary shares recorded on the register as at the close of business on 24 January 2014.

The Company will also be offering a scrip dividend alternative under which shareholders may elect to receive new ordinary shares in lieu of the cash dividend.  The price of a new ordinary share to be issued under the scrip dividend alternative will be calculated by taking the average of the Company's closing middle market quotations of an ordinary share for the five consecutive dealing days commencing on the ex-dividend date of 22 January 2014.  A circular and form of election will be sent to shareholders on 30 January 2014.  Shareholders who hold their shares in certificated form and who wish to automatically receive all or part of the interim dividend by way of new shares in the Company, not only on this occasion but on all future occasions where the Company decides to offer a scrip dividend alternative, should complete and return the form of election that will be provided to them with the circular by 5.00pm on 13 February 2014. For shareholders who hold their shares through CREST, a CREST Dividend Election Input Message should be submitted on each occasion where a scrip dividend alternative is offered. 

Expected timetable:

Shares quoted ex-dividend	22 January 2014
Record date for dividend	24 January 2014
Posting of Forms of Election	30 January 2014
Final date for receipt by the Receiving Agent of Forms of Election	5.00pm (London time) on 13 February 2014
Posting of dividend warrants and cheques	24 February 2014
CREST stock account credited with new Ordinary Shares	25 February 2014
Dividend payment date	25 February 2014
Dealings commence in new Ordinary Shares Posting of new Ordinary Share Certificates	25 February 2014 25 February 2014

Contact details:
Gravis Capital Partners LLP
Stephen Ellis	[phone]
Rollo Wright	[phone]
Oriel Securities
Neil Winward	[phone]
Mark Bloomfield
Cenkos Securities
Dion Di Miceli	[phone]
Tom Scrivens	[phone]
Buchanan
Charles Ryland	[phone]
Sophie McNulty Louise Hadcocks

About GCP Infrastructure Investments Limited

The Company is a closed-ended investment company that seeks to generate returns from subordinated PFI debt and related and/or similar assets (the "Target Assets"). The Company achieves this by investing substantially all of its capital in GCP Infrastructure Fund Limited (the "Master Fund"), an open-ended investment company that holds the Target Assets. The Company is the majority shareholder of the Master Fund.

 

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