GCP Infrastructure Investments Ltd Dividend Declaration & Scrip Dividend Alternative (8106K)

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RNS Number : 8106K

GCP Infrastructure Investments Ltd

24 April 2020

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MNATSIV5Z47

Headline: Dividend Declaration and Scrip Dividend Alternative

24 April 2020

GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 January 2020 to 31 March 2020. The dividend will be paid on 10 June 2020 to holders of ordinary shares recorded on the register as at the close of business on 11 May 2020.

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 four consecutive dealing days commencing on the ex-dividend date of 7 May 2020.

Full details of the scrip dividend alternative can be found in the Scrip Dividend Circular in respect of the financial year ended 30 September 2020 ("Scrip Dividend Circular 2020"), which has been submitted to the National Storage Mechanism and is available for inspection at 12 Castle Street, St Helier, JE2 3RT and on the Company's website at https://www.graviscapital.com/funds/gcp-infra/literature

The reference price for the scrip shares will also be calculated and published on or around 15 May 2020.

Shareholders will receive the dividend in cash unless they have completed either an evergreen standing election ("Scrip Dividend Mandate") (for holders of ordinary shares in certificated form only) or a CREST Dividend Election Input Message (for holders of ordinary shares in CREST only).

Holders of ordinary shares in certificated form who complete a Scrip Dividend Mandate will continue to receive scrip shares in lieu of their entire cash dividend entitlement for future dividends unless they revoke their Scrip Dividend Mandate, details of which are set out in the Scrip Dividend Circular 2020. For shareholders who hold their shares through CREST, a CREST Dividend Election Input Message should be issued on each occasion where a scrip dividend alternative is offered.

Expected timetable:

 
 Shares quoted ex-dividend                                 7 May 2020 
 Record date for dividend                                 11 May 2020 
 Publication of reference price for                       15 May 2020 
  scrip dividend alternative 
 Final time and date for receipt by            5.00 pm on 27 May 2020 
  the Receiving Agent of 
  Scrip dividend mandates and for submission 
  of CREST elections 
 CREST stock account credited with                       10 June 2020 
  new Ordinary Shares 
 Dividend payment date                                   10 June 2020 
 Dealings commence in new Ordinary                       10 June 2020 
  Shares 
 
 
 Gravis Capital Management Limited 
  P hil Kent 
  Dion Di Miceli                                 [phone] 
 Stifel Nicolaus Europe Limited 
  Mark Bloomfield 
  Nick Donovan                                   [phone] 
 Buchanan/Quill 
  Helen Tarbet 
  Sarah Gibbons-Cook 
  Henry Wilson                                   [phone] 
 

Notes to the Editor

About GCP Infra

GCP Infra is a closed-ended investment company and FTSE-250 constituent whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained, long term distributions and to preserve capital over the long term by generating exposure to UK infrastructure debt and related and/or similar assets. The Company primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues. Where possible, investments are structured to benefit from partial inflation-protection. GCP Infra is advised by Gravis Capital Management Limited.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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April 24, 2020 06:16 ET (10:16 GMT)