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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
The Renewables Infrastructure Group Limited | LSE:TRIG | London | Ordinary Share | GG00BBHX2H91 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.60 | 0.64% | 95.00 | 94.90 | 95.30 | 95.90 | 94.80 | 95.90 | 2,367,131 | 16:11:56 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 9.2M | 5.8M | 0.0023 | 412.61 | 2.36B |
TIDMTRIG
RNS Number : 4482L
Renewables Infrastructure Grp (The)
06 September 2023
6 September 2023
The Renewables Infrastructure Group Limited (the "Company")
Cancellation of Scrip Dividend Alternative
In accordance with the terms and conditions of the Scrip Dividend Alternative and the Directors' power to cancel the Scrip Dividend Alternative where a change in market conditions might, in the reasonable opinion of the Directors, render the Scrip Dividend Alternative materially detrimental to those Shareholders electing for it, the Board has decided to cancel the Scrip Dividend Alternative in respect of the Q2 Dividend as the mid-market closing price of an Ordinary Share as at 5 September 2023 (being the day before the Relevant Quarterly Dividend Reference Date) was at a discount greater than 10% discount to the Relevant Quarterly Scrip Share Reference Price which was announced on 17 August 2023 (being the prevailing Net Asset Value per Ordinary Share of 132.2p as at 30 June 2023). Accordingly, Shareholders will receive the Full Cash Dividend in respect of the Q2 Dividend and, should they so wish, can choose to apply this in acquiring Ordinary Shares in the secondary market.
Capitalised terms shall have the meanings given to them in the Scrip Dividend Circular 2023 (the "Scrip Circular") available on the Company's website to view and/or download at: www.trig-ltd.com in the Investor Relations, 'Reports & Publications', 'Circulars' section. The Scrip Circular is also available from the National Storage Mechanism website ( https://data.fca.org.uk/#/nsm/nationalstoragemechanism ).
The Board expects to re-instate the Scrip Dividend Alternative in respect of future quarterly dividends, subject to an assessment of the relevant prices and a determination that a re-instatement of the Scrip Dividend Alternative would be for the benefit of the Company's shareholders as a whole.
For further information, please contact:
Enquiries
Aztec Financial Services (Guernsey) Limited Chris Copperwaite Laura Dunning +44 (0)1481 748831 InfraRed Capital Partners Limited Richard Crawford Phil George +44 (0) 20 7484 1800 Brunswick Mara James +44 (0) 20 7404 5959 Investec Bank Plc Lucy Lewis Tom Skinner +44 (0) 20 7597 5661 BNP Paribas Virginia Khoo Carwyn Evans +44 (0) 20 7595 9444
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(END) Dow Jones Newswires
September 06, 2023 02:00 ET (06:00 GMT)
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