Scrip Dividend Alternative - Suspension

RNS Number : 0229Q
HICL Infrastructure Company Ld
01 June 2018
 

1 June 2018

 

HICL Infrastructure Company Limited (the "Company")

 

Scrip Dividend Alternative - Suspension

 

 

Further to the Company's announcement on 16 May 2018, in which a fourth quarterly interim dividend of 1.97 pence per ordinary share was declared, the Board of Directors notes that the Scrip Share Reference Price in respect of that dividend is less than the prevailing NAV per ordinary share.

 

The Board believes that it would not be in the best interests of the Company and of shareholders as a whole to offer a scrip dividend alternative in such circumstances, and accordingly all shareholders entitled to receive the fourth quarterly dividend on the record date (25 May 2018) will do so in cash.

 

The suspension of the scrip dividend alternative relates solely to the fourth quarterly interim dividend, with the Board continuing to consider the availability of scrip in respect of any future dividends on a case-by-case basis.

 

 

 

For further information, please contact:

 

Aztec Financial Services (Guernsey) Limited

Chris Copperwaite

 

+44 1481 748 831

InfraRed Capital Partners Limited

Harry Seekings

Keith Pickard

 

+44 20 7484 1800

Canaccord Genuity Limited

David Yovichic

 

+44 20 7523 8000

Tulchan Communications

Latika Shah

 

+44 20 7353 4200

 

 


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