Renewables Infrastructure Grp (The) Dividend Declaration

RNS Number : 3841Z

Renewables Infrastructure Grp (The)

06 August 2024

 

6 August 2024

 

The Renewables Infrastructure Group Limited

 

Interim Dividend

 

The Renewables Infrastructure Group Limited (the "Company") is pleased to announce the second quarterly interim dividend in respect of the three month period to 30 June 2024 of 1.8675 pence per ordinary share (the "Q2 Dividend").  The shares will go ex-dividend on 15 August 2024 and the Q2 Dividend will be paid on 30 September 2024 to shareholders on the register as at the close of business on 16 August 2024.

 

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 due to the Company's Ordinary Shares currently trading at a larger than 10% discount to the published Net Asset Value ("NAV"). Accordingly, Shareholders will receive the Q2 Dividend in cash and, should they so wish, can choose to apply the cash dividend in acquiring Ordinary Shares in the secondary market.

Capitalised terms shall have the meanings given to them in the Scrip Dividend Circular 2024 (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:

 

Aztec Financial Services (Guernsey) Limited Chris Copperwaite Laura Dunning	[phone]
InfraRed Capital Partners Limited Richard Crawford Phil George	[phone]
Brunswick                                                                 Mara James	[phone]
Investec Bank Plc  Lucy Lewis Denis Flanagan	[phone]
BNP Paribas Virginia Khoo Carwyn Evans	[phone]

 

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END

 

 

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