Source - RNS
RNS Number : 0270H
HICL Infrastructure Company Ld
02 June 2017
 

2 June 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 fourth quarterly interim dividend for the financial year ended 31 March 2017 (the "Q4 Dividend") has been set at 171.0p. 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 Q4 Dividend can be found in the Scrip Dividend Circular 2016-17 (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 £199,999.99 of which 1,623,260,735 Ordinary Shares each of 0.01p are in issue.

 

If all Shareholders were to decide to receive the Q4 Dividend of 1.92p per share in cash (ignoring any dividend waivers), the total cash dividend payable by the Company would be approximately £31.2m.

 

If all Shareholders were to elect to receive Scrip Shares instead of cash in respect of their entire holdings, approximately 18.23 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 1.12% of the issued Ordinary Share capital of the Company as at today's date.

 

The Q4 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 30 June 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

Tony Roper

Keith Pickard

+44 20 7484 1800







Canaccord Genuity Limited

+44 20 7523 8000

David Yovichic

 


Tulchan Communications

+44 20 7353 4200

David Allchurch

Latika Shah


 


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