REG - Renew Infra Grp Ld - Scrip Share Reference Price

Renewables InfrastructureAnnouncement

19/05/2022 16:00

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RNS Number : 1586M  Renewables Infrastructure Grp (The)  19 May 2022

19 May 2022

 

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 first quarterly interim dividend for the financial year
ending 31 December 2022 (the "Q1 Dividend") has been set at 131.52p.  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 Q1 Dividend can be
found in the Scrip Dividend Circular 2022 (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 Investors, 'Reports & Publications'
section.  It is also available from the National Storage Mechanism website
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) ).

 

If all eligible Shareholders were to decide to receive the Q1 Dividend of
1.71p per share in cash (ignoring any dividend waivers), the total cash
dividend payable by the Company would be approximately £42.41m.

 

If all eligible Shareholders were to elect to receive Scrip Shares instead of
cash in respect of their entire holdings, approximately 32.24 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 1.30% of the issued Ordinary Share capital of the Company as at
today's date.

 

The Q1 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 June 2022.

 

 

For further information, please contact:

 

Enquiries

 

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

 Chris Copperwaite

 Lucy Smith

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

 Richard Crawford

 Phil George

 Maitland/AMO                                 +44 (0) 20 7379 5151

 Rhys Jones

 Charles Withey

 Investec Bank Plc                            +44 (0) 20 7597 5661

 Lucy Lewis

 Denis Flanagan

 Liberum Capital Limited                      +44 (0) 20 3100 2000

 Chris Clarke

 Darren Vickers

 Owen Matthews

 

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