Dividend Declaration
, category: Results
Download PDF(opens in a new tab)GCP Infrastructure Investments Limited
(the "Company")
Headline: Dividend Declaration and Scrip Dividend Alternative
14 April 2016
The Board of the Company is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 January 2016 to 31 March 2016. The dividend will be paid on 27 May 2016 to holders of ordinary shares recorded on the register as at the close of business on 22 April 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 21 April 2016. A circular and form of election will be sent to shareholders on or around 29 April 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 16 May 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 |
21 April 2016 |
|
Record date for dividend |
22 April 2016 |
|
Posting of Forms of Election |
29 April 2016 |
|
Final date for receipt by the Receiving Agent of Forms of Election 5pm |
16 May 2016 |
|
Posting of dividend warrants and cheques |
26 May 2016 |
|
CREST stock account credited with new Ordinary Shares |
27 May 2016 |
|
Dividend payment date |
27 May 2016 |
|
Dealings commence in new Ordinary Shares |
27 May 2016 |
|
Posting of new Ordinary Share Certificates |
27 May 2016 |
Gravis Capital Partners LLP
Stephen Ellis +44 (0)20 7518 1495
Rollo Wright +44 (0)20 7518 1493
Dion Di Miceli +44 (0)20 7850 4772
Stifel Nicolaus Europe Limited
Neil Winward +44 (0)20 7710 7600
Mark Bloomfield
Tunga Chigovanyika
Buchanan
Charles Ryland +44 (0)20 7466 5000
Sophie McNulty
End of Announcement
This information is provided by RNS