Renewables Infrastructure : Scrip Share Reference Price

Regulatory Story
Go to market news section
Renewables Infrastructure Grp (The) - TRIG Scrip Share Reference Price Released 10:15 20-Feb-2020

RNS Number : 6067D

Renewables Infrastructure Grp (The)

20 February 2020

20 February 2020

The Renewables Infrastructure Group Limited (the 'Company')

Scrip Share Reference Price

The reference price of a new Ordinary Share under the Company's scrip dividend alternative for the fourth quarterly interim dividend for the financial year ending 31 December 2019 (the 'Q4 Dividend') has been set at 136.72p. This is the average of the middle market prices of the Company's shares derived from the London Stock Exchange Daily Official List for the ex-dividend date and the four subsequent dealing days.

Further details of the scrip dividend alternative to the Q4 Dividend can be found in the Scrip Dividend Circular 2019 (the 'Scrip Circular') available on the Company's website to view and/or download at:www.trig-ltd.comin the Investor Relations, 'Reports & Publications', 'Circulars' section. It is also available from the National Storage Mechanism website (www.morningstar.co.uk/uk/NSM).

If all eligible Shareholders were to decide to receive the Q4 Dividend of 1.66p per share in cash (ignoring any dividend waivers), the total cash dividend payable by the Company would be approximately £27.17 million.

If all eligible Shareholders were to elect to receive Scrip Shares instead of cash in respect of their entire holdings, approximately 19.87 million Scrip Shares would be issued based on the reference price (ignoring any dividend waivers and any rounding down in respect of fractions), representing approximately 1.21% of the issued Ordinary Share capital of the Company as at today's date.

The Q4 Dividend payment date and the date for admission and dealing of the new Ordinary Shares to be issued pursuant to the scrip dividend alternative is expected to be 31 March 2020.

For further information, please contact:

Enquiries

Aztec Financial Services (Guernsey) Limited Chris Copperwaite Laura Dunning	[phone]
InfraRed Capital Partners Limited Richard Crawford Phil George	[phone]
Maitland/AMO James Isola Zara de Belder	[phone]
Investec Bank Plc Lucy Lewis Denis Flanagan	[phone]
Liberum Capital Limited Chris Clarke Gillian Martin	[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.

END

DIVBBLFLBLLFBBL

Close

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2014London Stock Exchange plc. All rights reserved

Scrip Share Reference Price - RNS