REG - Renew Infra Grp Ld - Scrip Share Reference Price <Origin Href="QuoteRef">TRIG.L</Origin>

Renewables InfrastructureAnnouncement

25/08/2016 12:25

RNS Number : 1583I
Renewables Infrastructure Grp (The)
25 August 2016
25 August 2016
The Renewables Infrastructure Group Limited (the "Company")
Scrip Share Reference Price
The reference price of a new Ordinary Share under the Company's scrip dividend alternative for the second quarterly interim dividend for the financial year ending 31 December 2016 (the "Q2 Dividend") has been set at 105.14p. This is the average of the middle market prices of the Company's shares derived from the London Stock Exchange Daily Official List for the ex-dividend date and the four subsequent dealing days.
Further details of the scrip dividend alternative to the Q2 Dividend can be found in the Scrip Dividend Circular 2016 (the "Scrip Circular") available on the Company's website to view and/or download at: http://www.trig-ltd.com/assets/downloads/Scrip_Dividend_Circular_May_2016.pdf. It is also available from the National Storage Mechanism website (www.morningstar.co.uk/uk/NSM).
If all Shareholders were to decide to receive the Q2 Dividend of 1.5625p per share in cash (ignoring any dividend waivers), the total cash dividend payable by the Company would be approximately 11.98m, subject (where relevant) to a non-payable tax credit of one ninth of the amount of such dividend.
If all Shareholders were to elect to receive Scrip Shares instead of cash in respect of their entire holdings, approximately 11.39 million Scrip Shares would be issued based on the reference price (ignoring any dividend waivers and any rounding down in respect of fractions), representing approximately 1.49% of the issued Ordinary Share capital of the Company as at today's date.
The Q2 Dividend payment date and the date for admission and dealing of the new Ordinary Shares to be issued pursuant to the scrip dividend alternative is expected to be 30 September 2016.
For further information, please contact:
Enquiries
Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Jacques Colley
+44 (0)1481 748831
TRIG@aztecgroup.co.uk
InfraRed Capital Partners Limited
Richard Crawford
Matt Dimond
Phil George
+44 (0) 20 7484 1800
Tulchan Communications
Doug Campbell
Latika Shah
+44 (0) 20 7353 4200
Canaccord Genuity Limited
Andrew Zychowski
Helen Goldsmith
Denis Flanagan
+44 (0) 20 7523 8000
Liberum Capital Limited
Steve Pearce
Chris Clarke
+44 (0) 20 3100 2000

This information is provided by RNS
The company news service from the London Stock Exchange
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