Dividend Declaration
, category: Acquisitions and alliances, Director/PDMR shareholding, Results, Capital structure, Trading updates
Download PDF(opens in a new tab)GCP Infrastructure Investments Limited
(the "Company")
Headline: Dividend Declaration and Scrip Dividend Alternative
14 July 2016
The Board of the Company is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 April 2016 to 30 June 2016. The dividend will be paid on 26 August 2016 to holders of ordinary shares recorded on the register as at the close of business on 22 July 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 July 2016. A circular and form of election will be sent to shareholders on or around 1 August 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 15 August 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 July 2016 |
|
Record date for dividend |
22 July 2016 |
|
Posting of Forms of Election |
1 August 2016 |
|
Final date for receipt by the Receiving Agent of Forms of Election 5pm |
15 August 2016 |
|
Posting of dividend warrants and cheques |
25 August 2016 |
|
CREST stock account credited with new Ordinary Shares |
26 August 2016 |
|
Dividend payment date |
26 August 2016 |
|
Dealings commence in new Ordinary Shares |
26 August 2016 |
|
Posting of new Ordinary Share Certificates |
26 August 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
Neil Winward
Mark Bloomfield
Tunga Chigovanyika
Buchanan 44 (0)20 7466 5000
Charles Ryland
Sophie McNulty
This information is provided by RNS