Dividend Declaration

RNS Number : 1565C

GCP Infrastructure Investments Ltd

13 October 2015

 



GCP Infrastructure Investments Limited

(the "Company")

Headline:  Dividend Declaration and scrip dividend alternative

13 October 2015

The Board of the Company is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 July 2015 to 30 September 2015. The dividend will be paid on 25 November 2015 to holders of ordinary shares recorded on the register as at the close of business on 23 October July 2015.

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 October 2015.  A circular and form of election will be sent to shareholders on or around 30 October 2015.  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 November 2015. 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 October 2015
Record date for dividend	23 October 2015
Posting of Forms of Election	30 October 2015
Final date for receipt by the Receiving Agent of Forms of Election 5pm	13 November 2015
Posting of dividend warrants and cheques	24 November 2015
CREST stock account credited with new Ordinary Shares	25 November 2015
Dividend payment date	25 November 2015
Dealings commence in new Ordinary Shares	25 November 2015
Posting of new Ordinary Share Certificates	25 November 2015

Contact:

	Gravis Capital Partners LLP
	Stephen Ellis	[phone]
	Rollo Wright	[phone]
	Stifel Nicolaus Europe Limited
	Neil Winward	[phone]
	Mark Bloomfield
	Cenkos Securities Plc
	Dion Di Miceli	[phone]
	Tom Scrivens	[phone]
	Buchanan
	Charles Ryland	[phone]

End of Announcement

 

END

 

 

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