Scrip Share Reference Price

RNS Number : 9296O
Renewables Infrastructure Grp (The)
24 August 2017
 

24 August 2017

 

 

The Renewables Infrastructure Group Limited (the "Company")

 

 

Scrip Share Reference Price

 

The reference price of a new Ordinary Share under the Company's scrip dividend alternative for the second quarterly interim dividend for the financial year ending 31 December 2017 (the "Q2 Dividend") has been set at 108.3p.  This is the average of the middle market prices of the Company's shares derived from the London Stock Exchange Daily Official List for the ex-dividend date and the four subsequent dealing days.

 

Further details of the scrip dividend alternative to the Q2 Dividend can be found in the Scrip Dividend Circular 2017 (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.  It is also available from the National Storage Mechanism website (www.morningstar.co.uk/uk/NSM).

 

If all Shareholders were to decide to receive the Q2 Dividend of 1.60p per share in cash (ignoring any dividend waivers), the total cash dividend payable by the Company would be approximately £15.08m.

 

If all Shareholders were to elect to receive Scrip Shares instead of cash in respect of their entire holdings, approximately 13.92 million Scrip Shares would be issued based on the reference price (ignoring any dividend waivers and any rounding down in respect of fractions), representing approximately 1.48% of the issued Ordinary Share capital of the Company as at today's date.

 

The Q2 Dividend payment date and the date for admission and dealing of the new Ordinary Shares to be issued pursuant to the scrip dividend alternative is expected to be 29 September 2017.

 

 

For further information, please contact:

 

Enquiries

 

Aztec Financial Services (Guernsey) Limited

Chris Copperwaite

Jacques Colley

 

+44 (0)1481 748831

 

InfraRed Capital Partners Limited

Richard Crawford

Matt Dimond

 

+44 (0) 20 7484 1800

Tulchan Communications

Martin Pengelley

Latika Shah

 

+44 (0) 20 7353 4200

Canaccord Genuity Limited

Andrew Zychowski

Lucy Lewis

 

+44 (0) 20 7523 8000

Liberum Capital Limited

Steve Pearce

Chris Clarke

 

+44 (0) 20 3100 2000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCXZLFLDVFBBBF
UK 100

Latest directors dealings