Source - RNS
RNS Number : 6028M
GCP Infrastructure Investments Ltd
14 October 2016
 

 

GCP Infrastructure Investments Limited

(the "Company")

Headline:  Dividend Declaration and Scrip Dividend Alternative

14 October 2016

The Board of the Company is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 July 2016 to 30 September 2016. The dividend will be paid on 25 November 2016 to holders of ordinary shares recorded on the register as at the close of business on 21 October 2016.

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 20 October 2016.  A circular and form of election will be sent to shareholders on or around 31 October 2016.  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 10 November 2016. 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

20 October 2016

Record date for dividend

21 October 2016

Posting of Forms of Election

31 October 2016

Final date for receipt by the Receiving Agent of

Forms of Election 5 p.m.                                                              

10 November 2016

Posting of dividend warrants and cheques

24 November 2016

CREST stock account credited with new Ordinary Shares

25 November 2016

Dividend payment date                                   

25 November 2016

Dealings commence in new Ordinary Shares

25 November 2016

Posting of new Ordinary Share Certificates

25 November 2016

 

 

Gravis Capital Partners LLP                                                                          +44 (0)20 7518 1490

Stephen Ellis

Rollo Wright

Dion Di Miceli

 

Stifel Nicolaus Europe Limited                                                                  +44 (0)20 7710 7600

Mark Bloomfield

Neil Winward

Tunga Chigovanyika

 

Buchanan                                                                                                             +44 (0)20 7466 5000

Charles Ryland

Robbie Ceiriog-Hughes

Victoria Watkins


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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