REG - Renew Infra Grp Ld - Dividend Declaration

Renewables InfrastructureAnnouncement

06/02/2025 10:15

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RNS Number : 1909W  Renewables Infrastructure Grp (The)  06 February 2025

6 February 2025

 

The Renewables Infrastructure Group Limited

 

Interim Dividend

 

The Renewables Infrastructure Group Limited (the "Company") is pleased to
announce the fourth quarterly interim dividend in respect of the three month
period to 31 December 2024 of 1.8675 pence per ordinary share (the "Q4
Dividend").  The shares will go ex-dividend on 13 February 2025 and the Q4
Dividend will be paid on 31 March 2025 to shareholders on the register as at
the close of business on 14 February 2025.

 

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 Q4 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
Q4 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 2024 (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) )

Any re-instatement of the scrip dividend alternative in respect of future
quarterly dividends will be subject to an assessment by the Board 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

 Minesh Shah

 Phil George
 Brunswick                                                                                                                                  +44 (0) 20 7404 5959

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

  Lucy Lewis

 Tom Skinner
 BNP Paribas                                                                                                                                +44 (0) 20 7595 9444

 Virginia Khoo

 Carwyn Evans

 

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