REG - Renew Infra Grp Ld - Dividend Declaration

Renewables InfrastructureAnnouncement

02/02/2023 09:45

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RNS Number : 7334O  Renewables Infrastructure Grp (The)  02 February 2023

2 February 2023

 

The Renewables Infrastructure Group Limited (the 'Company')

 

Interim Dividend

 

The Company is pleased to announce the fourth quarterly interim dividend in
respect of the three month period to 31 December 2022 of 1.71 pence per
ordinary share (the "Q4 Dividend").  The shares will go ex-dividend on 9
February 2023 and the Q4 Dividend will be paid on 31 March 2023 to
shareholders on the register as at the close of business on 10 February 2023.

 

Due to the Company's ordinary shares currently trading at a discount to the
published Net Asset Value ("NAV") which would result in the Scrip Share
Reference Price (as defined in the circular published by the Company on 7
April 2022) being lower than NAV a scrip dividend alternative is not being
offered on this occasion.

 

Shareholders will be paid their dividend in cash and, should they so wish, can
choose to apply the cash dividend in acquiring Ordinary Shares in the
secondary market.

The Board expects to re-instate the scrip dividend alternative in respect of
future quarterly dividends, subject to an assessment of the relevant prices
and a determination that a re-instatement of the scrip dividend alternative
would be for the benefit of the Company's shareholders as a whole.

 

For further information, please contact:

 

 Aztec Financial Services (Guernsey) Limited  +44 (0)1481 748831

 Chris Copperwaite

 Laura Dunning
 InfraRed Capital Partners Limited            +44 (0) 20 7484 1800

 Richard Crawford

 Phil George
 H/Advisors Maitland                          +44 (0) 20 7379 5151

 Rhys Jones

 Charles Withey
 Investec Bank Plc                            +44 (0) 20 7597 5661

  Lucy Lewis

 Denis Flanagan
 BNP Paribas                                  +44 (0) 20 7595 9444

 Virginia Khoo

 Carwyn Evans

 

 

 

 

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