REG - BBGI Global Infrast. - Dividend Declaration

BBGI Global Infrastructure SAAnnouncement

31/08/2023 07:00

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RNS Number : 8682K  BBGI Global Infrastructure S.A.  31 August 2023

31 August 2023

 

BBGI Global Infrastructure S.A.

(the "Company")

 

Interim Dividend

 

The information contained within this Announcement is deemed by the Company to
constitute inside information. Upon the publication of this Announcement via a
Regulatory Information Service this inside information is now considered to be
in the public domain.

 

BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global infrastructure
investment company, is pleased to declare an interim cash dividend of 3.965
pence per share for the period 1 January - 30 June 2023, to be paid on 19
October 2023. Payment of this interim dividend is consistent with the
Company's target dividend payment of 7.93 pence per share in respect of the
financial year ending 31 December 2023.

 

Details of the interim dividend are as follows:

 

Dividend per
share:
3.965 pence

Ex-Dividend
date:
7 September 2023

Dividend Record
date:
8 September 2023

Payment
date:
19 October 2023

 

A scrip alternative will not be available with this particular dividend
payment.

 

Distributions on the ordinary shares are planned to be paid twice a year,
subject to market conditions and to conditions as prescribed by Luxembourg
law. The Company has set a target dividend of 7.93 pence per share for 2023.

 

Note: The distribution guidance above is a target only and not a profit
forecast. There can be no assurance that this target will be met or that the
Company will make any distributions whatsoever. The times and dates in this
announcement are expected times and dates only and are subject to change. Any
such changes will be notified to shareholders through a Regulatory Information
Service.

 

 

For further information, please contact:

 

 BBGI Management Team                          +352 263 479-1
 Duncan Ball
 Frank Schramm

 H/Advisors Maitland (Communications adviser)  +44 (0) 20 7379 5151
 James Benjamin                                bbgi-maitland@h-advisors.global
 Rachel Cohen

 

NOTES

 

BBGI Global Infrastructure S.A. (BBGI) is a responsible infrastructure
investment company and a constituent of the FTSE 250. We invest in and
actively manage for the long-term a globally diversified, low-risk portfolio
of essential social infrastructure investments. Our purpose is to deliver
healthier, safer and more connected societies, while creating sustainable
value for all our stakeholders.

 

BBGI is committed to delivering stable and predictable cash flows with
progressive long-term dividend growth and attractive, sustainable, returns for
shareholders. Through our proactive and disciplined approach to active asset
management and prudent financial management, and with a strong focus on ESG,
we preserve and enhance the value of our investments, and deliver well
maintained social infrastructure that serve and support local communities and
end users.

 

All of BBGI's investments are availability-style and supported by secure
public sector-backed contracted revenues, with high quality inflation-linkage.
Availability-style means that our revenues are paid so long as the assets are
available for use, and we maintain a consistently high level of asset
availability of 99.9%.

 

BBGI's investment portfolio is over 99% operational with all its investments
located across highly rated investment grade countries with stable, well
developed operating environments.

 

BBGI's in-house management team is incentivised by shareholder returns and
consistently maintains low comparative ongoing charges to shareholders.

 

BBGI is targeting dividends of 7.93 pence and 8.40 pence per ordinary share
for the twelve months ending 31 December 2023 and 31 December 2024,
respectively, representing a 6% increase year on year, and a dividend target
of 8.57pps for 2025: all are expected to be fully cash-covered**.

 

Further information about BBGI is available on its website at www.bb-gi.com
(http://www.bb-gi.com/) *

 

The Company's LEI: 529900CV0RWCOP5YHK95

 

Any reference to the Company or BBGI refers also to its subsidiaries (where
applicable).

 

*    Neither the Company's website nor the content of any website
accessible from hyperlinks on its website (or any other website) is (or is
deemed to be) incorporated into, or forms (or is deemed to form) part of this
announcement.

 

**  These are guidance levels or targets only and not a profit forecast and
there can be no assurance that they will be met.

 

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