REG - Renew Infra Grp Ld - Dividend Declaration

Renewables InfrastructureAnnouncement

02/11/2023 10:30

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RNS Number : 1976S  Renewables Infrastructure Grp (The)  02 November 2023

2 November 2023

 

The Renewables Infrastructure Group Limited (the 'Company')

 

Interim Dividend

 

The Renewables Infrastructure Group Limited (the 'Company') is pleased to
announce the third quarterly interim dividend in respect of the three month
period to 30 September 2023 of 1.795 pence per ordinary share (the "Q3
Dividend").  The shares will go ex-dividend on 9 November 2023 and the Q3
Dividend will be paid on 29 December 2023 to shareholders on the register as
at the close of business on 10 November 2023.

 

In accordance with the terms and conditions of the Scrip Dividend Alternative
and the Directors' power to cancel the Scrip Dividend Alternative where a
change in market conditions might, in the reasonable opinion of the Directors,
render the Scrip Dividend Alternative materially detrimental to those
Shareholders electing for it, the Board has decided to cancel the Scrip
Dividend Alternative in respect of the Q3 Dividend due to the Company's
Ordinary Shares currently trading at a larger than  10% discount to the
published Net Asset Value ("NAV"). Accordingly, Shareholders will receive the
Q3 Dividend in cash and, should they so wish, can choose to apply the cash
dividend in acquiring Ordinary Shares in the secondary market.

Capitalised terms shall have the meanings given to them in the Scrip Dividend
Circular 2023 (the "Scrip Circular") available on the Company's website to
view and/or download at: www.trig-ltd.com (http://www.trig-ltd.com) in the
Investor Relations, 'Reports & Publications', 'Circulars' section. The
Scrip Circular is also available from the National Storage Mechanism website
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) )

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 749700

 Chris Copperwaite

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

 Richard Crawford

 Phil George
 Brunswick                                                                                                                                  +44 (0) 20 7404 5959

 Mara James
 Investec Bank Plc                                                                                                                          +44 (0) 20 7597 5661

  Lucy Lewis

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

 Virginia Khoo

 Carwyn Evans

 

 

 

 

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