REG - Renew Infra Grp Ld - Scrip Share Reference Price

Renewables InfrastructureAnnouncement

17/08/2023 18:00

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RNS Number : 7005J  Renewables Infrastructure Grp (The)  17 August 2023

17 August 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 second quarterly interim dividend for the financial year
ending 31 December 2023 (the "Q2 Dividend") has been set at 132.2 pence, being
the prevailing Net Asset Value per Ordinary Share of 132.2 pence (as at 30
June 2023, announced on 4 August).

 

The final date for shareholders to elect to receive Scrip Shares, or to revoke
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 6
September 2023 (the "Scrip Election Deadline").

 

Further details of the Scrip Dividend Alternative to the Q2 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 elect to receive the Q2 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 33.72 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 1.36% 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 29 September 2023 unless otherwise advised.

 

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

 

IMPORTANT NOTICE: Notwithstanding the above, shareholders should note that the
Company is unlikely to offer the Scrip Dividend Alternative if the discount to
the prevailing Net Asset Value per Ordinary Share at which the Ordinary Shares
are trading exceeds 10 per cent. at the time of the Scrip Dividend Mandate
deadline of 6 September 2023.

 

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

 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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