Dividend Declaration
27/01/2023 07:00
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RNS Number : 0248O GCP Infrastructure Investments Ltd 27 January 2023
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI: 213800W64MNATSIV5Z47
Dividend Declaration
27 January 2023
GCP Infra is pleased to announce a dividend of 1.75 pence per ordinary share,
for the period from 1 October 2022 to 31 December 2022. The dividend will be
paid on 14 March 2023 to holders of ordinary shares recorded on the register
as at the close of business on 10 February 2023.
In light of the fact that the Company's ordinary shares currently trade at a
discount to their prevailing published Net Asset Value ("NAV"), the Directors
consider that it would not on this occasion be in the interests of
shareholders as a whole to offer a scrip dividend alternative, under which
Shareholders would have been able to elect to receive new ordinary shares in
lieu of the cash dividend. The Board has therefore exercised its discretion to
suspend the scrip dividend alternative in accordance with its conditions in
respect of this dividend payment.
All shareholders who are entitled to receive the dividend will therefore
receive the dividend in cash.
The Board will keep under consideration the offer of a scrip dividend
alternative in respect of future quarterly dividends if the Company's ordinary
shares trade at a premium to their prevailing published NAV at the relevant
time. Full details of the scrip dividend alternative can be found in the Scrip
Dividend Circular in respect of the financial year ended 30 September 2023
("Scrip Dividend Circular 2023"), which has been submitted to the National
Storage Mechanism and is available for inspection at 12 Castle Street, St
Helier, JE2 3RT and on the Company's website at www.gcpinfra.com
(http://www.gcpinfra.com/) . Words and expressions defined in the Scrip
Dividend Circular 2023 shall have the same meaning in this announcement.
Expected timetable:
Shares quoted ex-dividend 9 February 2023
Record date for dividend 10 February 2023
Dividend payment date 14 March 2023
For further information please contact:
Gravis Capital Management Limited +44 (0)20 3405 8500
Philip Kent
Max Gilbert
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Mark Bloomfield
Jonathan Wilkes-Green
Buchanan/Quill +44 (0)20 7466 5000
Helen Tarbet
Sarah Gibbons-Cook
Henry Wilson
Notes to the Editor
About GCP Infra
GCP Infra is a closed-ended investment company and FTSE-250 constituent whose
shares are traded on the main market of the London Stock Exchange. Its
objective is to provide shareholders with regular, sustained, long-term
distributions and to preserve capital over the long term by generating
exposure to UK infrastructure debt and related and/or similar assets.
The Company primarily targets investments in infrastructure projects with long
term, public sector-backed, availability-based revenues. Where possible,
investments are structured to benefit from partial inflation protection. GCP
Infra is advised by Gravis Capital Management Limited.
GCP Infra has been awarded with the London Stock Exchange's Green Economy Mark
in recognition of its contribution to positive environmental outcomes.
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