Dividend Declaration

RNS Number : 9432L

GCP Infrastructure Investments Ltd

14 January 2016

 

GCP Infrastructure Investments Limited

(the "Company")

Headline:  Dividend Declaration and Scrip Dividend Alternative

14 January 2016

The Board of the Company is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 October 2015 to 31 December 2015. The dividend will be paid on 25 February 2016 to holders of ordinary shares recorded on the register as at the close of business on 22 January 2016.

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 21 January 2016.  A circular and form of election will be sent to shareholders on or around 29 January 2016.  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 12 February 2016. 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	21 January 2016
Record date for dividend	22 January 2016
Posting of Forms of Election	29 January 2016
Final date for receipt by the Receiving Agent of Forms of Election 5pm	12 February 2016
Posting of dividend warrants and cheques	24 February 2016
CREST stock account credited with new Ordinary Shares	25 February 2016
Dividend payment date	25 February 2016
Dealings commence in new Ordinary Shares	25 February 2016
Posting of new Ordinary Share Certificates	25 February 2016

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]
	Sophie McNulty

End of Announcement

 

END

 

 

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