GCP Infrastructure Investments Ltd Dividend Declaration (6350U)

TIDMGCP

RNS Number : 6350U

GCP Infrastructure Investments Ltd

16 July 2018

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MNATSIV5Z47

Headline: Dividend Declaration and Scrip Dividend Alternative

16 July 2018

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 April 2018 to 30 June 2018. The dividend will be paid on 24 August 2018 to holders of ordinary shares recorded on the register as at the close of business on 27 July 2018.

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 26 July 2018.

Full details of the scrip dividend alternative can be found in the Scrip Dividend Circular in respect of the financial year ended 30 September 2018 ("Scrip Dividend Circular 2018"), which was published by the Company on 19 January 2018 and has also been submitted to the National Storage Mechanism. The Scrip Dividend circular 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 2 August 2018.

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 2018. 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                                  26 July 2018 
 Record date for dividend                                   27 July 2018 
 Publication of reference price for                        2 August 2018 
  scrip dividend alternative 
 Final time and date for receipt by            5.00 pm on 10 August 2018 
  the Receiving Agent of 
  Scrip dividend mandates and for submission 
  of CREST elections 
 Posting of dividend cheques                              21 August 2018 
 CREST stock account credited with                        24 August 2018 
  new Ordinary Shares 
 Dividend payment date                                    24 August 2018 
 Dealings commence in new Ordinary                        24 August 2018 
  Shares 
 Posting of new Ordinary Share certificates               24 August 2018 
 
 
 Gravis Capital Management Limited 
  Stephen Ellis 
  Rollo Wright 
  Dion Di Miceli                                 [phone] 
 Stifel Nicolaus Europe Limited 
  Mark Bloomfield 
  Neil Winward 
  Gaudi Le Roux                                  [phone] 
 Buchanan 
  Charles Ryland 
  Henry Wilson                                   [phone] 
 

Notes to the Editor

About GCP Infra

The Company is a closed-ended London Stock Exchange-listed investment company that seeks to generate returns from senior and subordinated infrastructure debt and related and/or similar assets. The Company is advised by Gravis.

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.

END

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July 16, 2018 02:00 ET (06:00 GMT)