REG - Renew Infra Grp Ld - Scrip Share Reference Price

Renewables InfrastructureAnnouncement

18/05/2023 16:30

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RNS Number : 9398Z  Renewables Infrastructure Grp (The)  18 May 2023

18 May 2023

 

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 2023 (the "Q1 Dividend") has been set at 134.8 pence, being
the prevailing Net Asset Value per Ordinary Share of 134.8 pence (as at 31
March 2023, announced on 4 May).

 

The final date for receiving Scrip elections, or revoking a Scrip Dividend
Mandate in the event that a shareholder does not wish to receive Scrip Shares
at a premium to the prevailing Ordinary Share price, is 7 June 2023 (the
"Scrip Election Deadline").

 

Further details of the scrip dividend alternative to the Q1 Dividend can be
found in the circular to shareholders published by the Company on 30 March
2023 in respect of the scrip dividend (the "Scrip Circular").  The Scrip
Circular is 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
1.795p per share in cash (ignoring any dividend waivers), the total cash
dividend payable by the Company would be approximately £44.58m.

 

If all eligible Shareholders were to elect to receive Scrip Shares instead of
cash in respect of their entire holdings, approximately 33.07 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 1.33% 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 2023 unless otherwise advised.

 

Capitalised terms used in this announcement shall have the meanings attributed
to them in the Scrip Circular unless otherwise defined.

 

LEI: 213800NO6Q7Q7HMOMT20

 

For further information, please contact:

 

Enquiries

 

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

 Chris Copperwaite

 Laura Dunning

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

 Richard Crawford

 Phil George

 H/Advisors Maitland                          +44 (0) 20 7379 5151

 Charles Withey

 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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