REG - Renew Infra Grp Ld - Scrip Share Reference Price
RNS Number : 6067DRenewables Infrastructure Grp (The)20 February 202020 February 2020
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 fourth quarterly interim dividend for the financial year ending 31 December 2019 (the "Q4 Dividend") has been set at 136.72p. 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 Q4 Dividend can be found in the Scrip Dividend Circular 2019 (the "Scrip Circular") available on the Company's website to view and/or download at: www.trig-ltd.com in the Investor Relations, 'Reports & Publications', 'Circulars' section. It is also available from the National Storage Mechanism website (www.morningstar.co.uk/uk/NSM).
If all eligible Shareholders were to decide to receive the Q4 Dividend of 1.66p per share in cash (ignoring any dividend waivers), the total cash dividend payable by the Company would be approximately £27.17 million.
If all eligible Shareholders were to elect to receive Scrip Shares instead of cash in respect of their entire holdings, approximately 19.87 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 1.21% of the issued Ordinary Share capital of the Company as at today's date.
The Q4 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 31 March 2020.
For further information, please contact:
Enquiries
Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Laura Dunning
+44 (0)1481 748831
InfraRed Capital Partners Limited
Richard Crawford
Phil George
+44 (0) 20 7484 1800
Maitland/AMO
James Isola
Zara de Belder
+44 (0) 20 7379 5151
Investec Bank Plc
Lucy Lewis
Denis Flanagan
+44 (0) 20 7597 5661
Liberum Capital Limited
Chris Clarke
Gillian Martin
+44 (0) 20 3100 2000
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDDIVBBLFLBLLFBBL
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