GCP Infrastructure Investments Ltd Dividend Declaration & Scrip Dividend Alternative (8868C)
April 20 2017 - 6:57AM
UK Regulatory
TIDMGCP
RNS Number : 8868C
GCP Infrastructure Investments Ltd
20 April 2017
GCP Infrastructure Investments Limited
("GCP Infrastructure" or the "Company")
Headline: Dividend Declaration and Scrip Dividend
Alternative
20 April 2017
The Board of the Company is pleased to announce a dividend of
1.9 pence per ordinary share, for the period from 1 January 2017 to
31 March 2017. The dividend will be paid on 2 June 2017 to holders
of ordinary shares recorded on the register as at the close of
business on 28 April 2017.
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 five consecutive dealing
days commencing on the ex-dividend date of 27 April 2017. A
circular and form of election will be sent to shareholders on or
around 8 May 2017. Shareholders who hold their shares in
certificated form and who wish to automatically receive all or part
of the interim dividend by way of new shares in the Company, not
only on this occasion but on all future occasions where the Company
decides to offer a scrip dividend alternative, should complete and
return the form of election that will be provided to them with the
circular by 5.00pm on 22 May 2017. For shareholders who hold their
shares through CREST, a CREST Dividend Election Input Message
should be submitted on each occasion where a scrip dividend
alternative is offered.
Expected timetable:
Shares quoted ex-dividend 27 April 2017
Record date for dividend 28 April 2017
Posting of Forms of Election 8 May 2017
Final time and date for receipt 5.00 pm on 22 May
by the Receiving Agent of 2017
Forms of Election and for
submission of CREST elections
Posting of dividend cheques 1 June 2017
CREST stock account credited 2 June 2017
with new Ordinary Shares
Dividend payment date 2 June 2017
Dealings commence in new 2 June 2017
Ordinary Shares
Posting of new Ordinary Share 2 June 2017
certificates
Gravis Capital Management
Limited
Stephen Ellis
Rollo Wright
Dion Di Miceli +44 (0)20 7518 1490
Stifel Nicolaus Europe Limited
Mark Bloomfield
Neil Winward
Tunga Chigovanyika +44 (0)20 7710 7600
Buchanan
Charles Ryland
Robbie Ceiriog-Hughes
Victoria Watkins +44 (0)20 7466 5000
Notes to the Editor
About GCP Infrastructure Investments Limited
The Company is a closed-ended London Stock Exchange-listed
investment company that seeks to generate returns from senior and
subordinated infrastructure debt and related and/or similar assets.
The Company is advised by Gravis Capital Management Limited.
This information is provided by RNS
The company news service from the London Stock Exchange
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