HICL Infrastructure Company Ld Scrip Share Reference Price (6123P)
September 01 2017 - 9:11AM
UK Regulatory
TIDMHICL
RNS Number : 6123P
HICL Infrastructure Company Ld
01 September 2017
1 September 2017
HICL Infrastructure Company 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 ended 31 March 2018 (the "Q1 Dividend") has
been set at 161.98p. 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 2017-18 (the
"Scrip Circular") available on the Company's website to view and/or
download at
https://www.hicl.com/investor-relations/circulars-related-notices.
It is also available on the National Storage Mechanism website
(www.morningstar.co.uk/uk/NSM).
As at today's date, the authorised share capital of the Company
is GBP300,000.00 of which 1,786,036,854 Ordinary Shares each of
0.01p are in issue.
If all Shareholders were to decide to receive the Q1 Dividend of
1.96p per share in cash (ignoring any dividend waivers), the total
cash dividend payable by the Company would be approximately
GBP35.0m.
If all Shareholders were to elect to receive Scrip Shares
instead of cash in respect of their entire holdings, approximately
21.6 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 1.21% 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 29 September 2017.
For further information, please contact:
Aztec Financial Services
(Guernsey) Limited
Chris Copperwaite
Jacques Colley +44 1481 748 831
InfraRed Capital Partners
Limited
Harry Seekings
Keith Pickard
Tony Roper +44 20 7484 1800
Canaccord Genuity Limited
David Yovichic
Dominic Waters
Neil Brierley
Will Barnett +44 20 7523 8000
Tulchan Communications
David Allchurch
Latika Shah +44 20 7353 4200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 01, 2017 09:11 ET (13:11 GMT)
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