BBGI Global Infrastructure S.A. Dividend Declaration
RNS Number : 6713O
BBGI Global Infrastructure S.A.
11 February 2021
11 February 2021
BBGI Global Infrastructure S.A.
Second Interim Dividend
The information contained within this Announcement is deemed by
the Company to constitute inside information. Upon the publication
of this Announcement via a Regulatory Information Service this
inside information is now considered to be in the public
BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global
infrastructure investment company, is pleased to declare a second
interim dividend of 3.59 pence per share for the period 1 July - 31
December 2020, to be paid in accordance with the timetable set out
below. Payment of this second interim dividend is consistent with
the Company's target dividend payment of 7.18 pence per share in
respect of the financial year ended 31 December 2020.
Details of the second interim dividend are as follows:
Dividend per share: 3.59 pence
Ex-Dividend date: 18 February 2021
Dividend Record date: 19 February 2021
Qualifying shareholders last date to make scrip dividend
election: 15 March 2021
Payment date/Allotment of scrip dividend shares: 1 April
A scrip alternative is being offered with this dividend to
qualifying investors who wish to receive additional BBGI securities
in lieu of a cash payment. A circular will be sent to shareholders
explaining the terms and conditions of the scrip dividend
alternative. It is intended that the circular will be mailed on or
about 1 March 2021 to all eligible BBGI shareholders as at the
dividend record date, being 19 February 2021. The scrip dividend
elections will need to be received as instructed by 15 March 2021
from qualifying investors who wish to opt for the scrip dividend
alternative. Full details of how and when to respond will be
contained in the circular.
Distributions on the ordinary shares are planned to be paid
twice a year, subject to market conditions and to conditions as
prescribed by Luxembourg law. The Company has set a target dividend
of 7.33 pence per share for 2021.
Note: The distribution guidance above is a target only and not a
profit forecast. There can be no assurance that this target will be
met or that the Company will make any distributions whatsoever. The
times and dates in this announcement are expected times and dates
only and are subject to change. Any such changes will be notified
to shareholders through a Regulatory Information Service.
For further information, please contact:
BBGI Management Team +352 263 479-1
BBGI Global Infrastructure S.A. (BBGI) is a responsible
infrastructure investment company and a constituent of the FTSE 250
that invests in and actively manages for the long-term a globally
diversified, low-risk portfolio of essential social infrastructure
BBGI is committed to delivering stable and predictable cash
flows with progressive long-term dividend growth and attractive,
sustainable, returns for shareholders. BBGI has a proactive
approach to preserving and enhancing the value of its investments,
and to delivering well maintained social infrastructure for
communities and end users, whilst serving society by supporting
All of BBGI's investments are availability-based and supported
by secure public sector-backed contracted revenues, with
inflation-protection characteristics, that are paid so long as the
assets are available for use.
BBGI's investment portfolio is over 99% operational with all its
investments located across highly rated investment grade countries
with stable, well developed operating environments.
Further information about BBGI is available on its website at
The Company's LEI is: 529900CV0RWCOP5YHK95
Any reference to the Company or BBGI refers also to its
subsidiaries (where applicable).
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(END) Dow Jones Newswires
February 11, 2021 02:00 ET (07:00 GMT)