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Dividend Declaration

Released 16:00 18-Jul-2018

RNS Number : 0641V
HICL Infrastructure Company Ld
18 July 2018
 

18 July 2018

 

HICL Infrastructure Company Limited

 

First Quarterly Interim Dividend

 

HICL Infrastructure Company Limited (the "Company") is pleased to announce a first quarterly interim dividend for the financial year ending 31 March 2019 of 2.01 pence per ordinary share (the "Q1 Dividend").  The shares will go ex-dividend on 23 August 2018 and the Q1 Dividend will be paid on 28 September 2018 to shareholders on the register as at the close of business on 24 August 2018.

As in previous years, the Company is offering shareholders a scrip dividend alternative to the Q1 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, when published, will be available on the Company's website to view and/or download at www.hicl.com/investor-relations/circulars-related-notices. It will also be available on the National Storage Mechanism website (www.morningstar.co.uk/uk/NSM).  A copy of the Scrip Circular will be sent on or around 24 July 2018 to shareholders who have previously requested paper copies of such documents.

 

Shareholders will receive the Q1 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 September 2018.

 

The reference price of the Scrip Shares in respect of the Q1 Dividend is due to be calculated and published on or around 31 August 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 (31 August 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 Q1 Dividend, pursuant to paragraph 2 of the Appendix to the Company's Scrip Dividend Circular 2018-19, when published. In this case, all shareholders entitled to receive a dividend of 2.01 pence per share on the record date (24 August 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

Sophie Lane

 

+44 1481 748 831

InfraRed Capital Partners Limited

Harry Seekings

Keith Pickard

 

+44 20 7484 1800

Canaccord Genuity Limited

David Yovichic

 

+44 20 7523 8000

Tulchan Communications

David Allchurch

 

+44 20 7353 4200

 


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 rns@lseg.com or visit www.rns.com.
 
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Dividend Declaration - RNS