HICL Infrastructure Company Ld Second Quarterly Interim Dividend (3680H)

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RNS Number : 3680H

HICL Infrastructure Company Ld

14 November 2018

14 November 2018

HICL Infrastructure Company Limited

Second Quarterly Interim Dividend

HICL Infrastructure Company Limited (the "Company") is pleased to announce a second quarterly interim dividend for the financial year ending 31 March 2019 of 2.01 pence per ordinary share (the "Q2 Dividend"). The shares will go ex-dividend on 22 November 2018 and the Q2 Dividend will be paid on 31 December 2018 to shareholders on the register as at the close of business on 23 November 2018.

As in previous years, the Company is offering shareholders a scrip dividend alternative to the Q2 Dividend for the financial year ending 31 March 2019, full details of which can be found in the Scrip Dividend Circular 2018-19 (the "Scrip Circular") which is available on the Company's website to view and/or download at www.hicl.com/investor-relations/circulars-related-notices. It is also available on the National Storage Mechanism website (www.morningstar.co.uk/uk/NSM). .

Shareholders will receive the Q2 Dividend in cash, unless they have previously completed a standing election (a "Scrip Dividend Mandate") to receive scrip shares. Shareholders who would like to receive scrip shares rather than cash, and who have not previously submitted a Scrip Dividend Mandate, should complete the Scrip Dividend Mandate at the back of the Scrip Circular and return it to the Company's UK Transfer Agent, Link Asset Services, by no later than 5.00pm on 13 December 2018.

The reference price of the Scrip Shares in respect of the Q2 Dividend is due to be calculated and published on or around 29 November 2018. If the Company's shares are trading at a price below prevailing Net Asset Value ("NAV") per share on the days preceding the Scrip Share Reference Price calculation day (29 November 2018), such that the Scrip Share Reference Price would be at a discount to the prevailing NAV per share, the Directors may exercise their right to suspend the Scrip Dividend Alternative for the Q2 Dividend, pursuant to paragraph 2 of the Appendix to the Company's Scrip Dividend Circular 2018-19. In this case, all shareholders entitled to receive a dividend of 2.01 pence per share on the record date (23 November 2018) would receive their dividend in cash.

The Board will keep the Scrip Dividend Alternative under review each quarter, and shareholders who have previously completed a standing election (a "Scrip Dividend Mandate") to receive Scrip Shares are advised that their Scrip Dividend Mandate remains in place for future periods.

For further information, please contact:

 
 Aztec Financial Services (Guernsey) 
  Limited 
  Chris Copperwaite 
  Laura Dunning                         [phone] 
 InfraRed Capital Partners Limited 
  Harry Seekings 
  Keith Pickard                         [phone] 
 Canaccord Genuity Limited 
  David Yovichic                        [phone] 
 Tulchan Communications 
  David Allchurch                       [phone] 
 

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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November 14, 2018 11:00 ET (16:00 GMT)