GCP Infrastructure Investments Ltd Dividend Declaration & Scrip Dividend Alternative (8106K)
April 24 2020 - 6:16AM
UK Regulatory
TIDMGCP
RNS Number : 8106K
GCP Infrastructure Investments Ltd
24 April 2020
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MNATSIV5Z47
Headline: Dividend Declaration and Scrip Dividend
Alternative
24 April 2020
GCP Infra, the only UK listed fund focused primarily on
investments in UK infrastructure debt is pleased to announce a
dividend of 1.9 pence per ordinary share, for the period from 1
January 2020 to 31 March 2020. The dividend will be paid on 10 June
2020 to holders of ordinary shares recorded on the register as at
the close of business on 11 May 2020.
The Company will also be offering a scrip dividend alternative
under which shareholders may elect to receive new ordinary shares
in lieu of the cash dividend. The price of a new ordinary share to
be issued under the scrip dividend alternative will be calculated
by taking the average of the Company's closing middle market
quotations of an ordinary share for the four consecutive dealing
days commencing on the ex-dividend date of 7 May 2020.
Full details of the scrip dividend alternative can be found in
the Scrip Dividend Circular in respect of the financial year ended
30 September 2020 ("Scrip Dividend Circular 2020"), which has been
submitted to the National Storage Mechanism and is available for
inspection at 12 Castle Street, St Helier, JE2 3RT and on the
Company's website at
https://www.graviscapital.com/funds/gcp-infra/literature
The reference price for the scrip shares will also be calculated
and published on or around 15 May 2020.
Shareholders will receive the dividend in cash unless they have
completed either an evergreen standing election ("Scrip Dividend
Mandate") (for holders of ordinary shares in certificated form
only) or a CREST Dividend Election Input Message (for holders of
ordinary shares in CREST only).
Holders of ordinary shares in certificated form who complete a
Scrip Dividend Mandate will continue to receive scrip shares in
lieu of their entire cash dividend entitlement for future dividends
unless they revoke their Scrip Dividend Mandate, details of which
are set out in the Scrip Dividend Circular 2020. For shareholders
who hold their shares through CREST, a CREST Dividend Election
Input Message should be issued on each occasion where a scrip
dividend alternative is offered.
Expected timetable:
Shares quoted ex-dividend 7 May 2020
Record date for dividend 11 May 2020
Publication of reference price for 15 May 2020
scrip dividend alternative
Final time and date for receipt by 5.00 pm on 27 May 2020
the Receiving Agent of
Scrip dividend mandates and for submission
of CREST elections
CREST stock account credited with 10 June 2020
new Ordinary Shares
Dividend payment date 10 June 2020
Dealings commence in new Ordinary 10 June 2020
Shares
Gravis Capital Management Limited
P hil Kent
Dion Di Miceli +44 (0)20 3405 8500
Stifel Nicolaus Europe Limited
Mark Bloomfield
Nick Donovan +44 (0)20 7710 7600
Buchanan/Quill
Helen Tarbet
Sarah Gibbons-Cook
Henry Wilson +44 (0)20 7466 5000
Notes to the Editor
About GCP Infra
GCP Infra is a closed-ended investment company and FTSE-250
constituent whose shares are traded on the main market of the
London Stock Exchange. Its objective is to provide shareholders
with regular, sustained, long term distributions and to preserve
capital over the long term by generating exposure to UK
infrastructure debt and related and/or similar assets. The Company
primarily targets investments in infrastructure projects with long
term, public sector-backed, availability-based revenues. Where
possible, investments are structured to benefit from partial
inflation-protection. GCP Infra is advised by Gravis Capital
Management Limited.
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.
END
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