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REG - Renew Infra Grp Ld - Scrip Share Reference Price




 



RNS Number : 3532Z
Renewables Infrastructure Grp (The)
20 May 2021
 

20 May 2021

 

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 2021 (the "Q1 Dividend") has been set at 126.92p.  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 2021 (the "Scrip Circular") available on the Company's website to view and/or download at: 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).

 

If all eligible Shareholders were to decide to receive the Q1 Dividend of 1.69p per share in cash (ignoring any dividend waivers), the total cash dividend payable by the Company would be approximately £35.51million.

 

If all eligible Shareholders were to elect to receive Scrip Shares instead of cash in respect of their entire holdings, approximately 27.98 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 2021.

 

 

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

 

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