REG - GCP Infra Inv Ltd - Dividend Declaration & Scrip Dividend Alternative

GCP Infrastructure InvestmentsAnnouncement

12/07/2019 14:45

RNS Number : 4170F
GCP Infrastructure Investments Ltd
12 July 2019
 


 
 
 
GCP Infrastructure Investments Limited 
("GCP Infra" or the "Company")
LEI 213800W64MNATSIV5Z47
Headline:  Dividend Declaration and Scrip Dividend Alternative
12 July 2019
GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 April 2019 to 30 June 2019. The dividend will be paid on 23 August 2019 to holders of ordinary shares recorded on the register as at the close of business on 26 July 2019.
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 four consecutive dealing days commencing on the ex-dividend date of 25 July 2019. 
Full details of the scrip dividend alternative can be found in the Scrip Dividend Circular in respect of the financial year ended 30 September 2019 ("Scrip Dividend Circular 2019"), 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 https://www.graviscapital.com/funds/gcp-infra/literature 
The reference price for the scrip shares will also be calculated and published on or around 1 August  2019.
Shareholders will receive the dividend in cash unless they have completed either an evergreen standing election ("Scrip Dividend Mandate") (for holders of ordinary shares in certificated form only) or a CREST Dividend Election Input Message (for holders of ordinary shares in CREST only).
Holders of ordinary shares in certificated form who complete a Scrip Dividend Mandate will continue to receive scrip shares in lieu of their entire cash dividend entitlement for future dividends unless they revoke their Scrip Dividend Mandate, details of which are set out in the Scrip Dividend Circular 2019. For shareholders who hold their shares through CREST, a CREST Dividend Election Input Message should be issued on each occasion where a scrip dividend alternative is offered.
Expected timetable:



Shares quoted ex-dividend


25 July 2019




Record date for dividend


26 July 2019




Publication of reference price for scrip dividend alternative


1 August 2019




Final time and date for receipt by the Receiving Agent of
Scrip dividend mandates and for submission of CREST elections                                                             


5.00 pm on 9 August 2019
 




CREST stock account credited with new Ordinary Shares


23 August 2019




Dividend payment date                                   


23 August 2019




Dealings commence in new Ordinary Shares


23 August 2019



 
 
 
 
 
 
 
 



Gravis Capital Management Limited
Philip Kent
Dion Di Miceli
 


+44 (0)20 3405 8500




Stifel Nicolaus Europe Limited                                     
Mark Bloomfield
Neil Winward
Gaudi Le Roux
 


+44 (0)20 7710 7600




Buchanan/Quill                                                                
Helen Tarbet
Sam Emery
Nick Croysdill


+44 (0)20 7466 5000



 
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.
 




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