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Additional Listing

31 Aug 2023 07:00

RNS Number : 8685K
BBGI Global Infrastructure S.A.
31 August 2023
 

31 August 2023

 

BBGI Global Infrastructure S.A.

(the "Company")

 

Additional Listing

 

BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global infrastructure investment company, announces that application has been made for 89,603 ordinary shares of no par value in the Company ("Shares") to be admitted to the Official List of the FCA and to trading on the London Stock Exchange. It is expected that Admission will become effective and dealings in the new shares will commence at 8.00 a.m. on 1 September 2023. Following Admission, the number of ordinary shares the Company has in issue will be 714,876,637.

 

The application is being made pursuant to the Restricted Share Plan (the "RSP") awards for 2020, originally granted on 30 June 2020, all of which are to be settled in shares. When issued, these Shares will rank pari passu with the existing ordinary shares.

 

In accordance with the rules of the RSP, these Shares have been issued at a price of 163 pence per share, and the number of shares has been calculated with reference to that issue price.

 

For further information, please contact:

 

BBGI Management Team

+352 263 479-1

Duncan Ball

 

Frank Schramm

 

 

 

H/Advisors Maitland (Communications adviser)

+44 (0) 20 7379 5151

James Benjamin

bbgi-maitland@h-advisors.global

Rachel Cohen

 

 

NOTES

 

BBGI Global Infrastructure S.A. (BBGI) is a responsible infrastructure investment company and a constituent of the FTSE 250. We invest in and actively manage for the long-term a globally diversified, low-risk portfolio of essential social infrastructure investments. Our purpose is to deliver healthier, safer and more connected societies, while creating sustainable value for all our stakeholders.

 

BBGI is committed to delivering stable and predictable cash flows with progressive long-term dividend growth and attractive, sustainable, returns for shareholders. Through our proactive and disciplined approach to active asset management and prudent financial management, and with a strong focus on ESG, we preserve and enhance the value of our investments, and deliver well maintained social infrastructure that serve and support local communities and end users.

 

All of BBGI's investments are availability-style and supported by secure public sector-backed contracted revenues, with high quality inflation-linkage. Availability-style means that our revenues are paid so long as the assets are available for use, and we maintain a consistently high level of asset availability of 99.9%.

 

BBGI's investment portfolio is over 99% operational with all its investments located across highly rated investment grade countries with stable, well developed operating environments.

 

BBGI's in-house management team is incentivised by shareholder returns and consistently maintains low comparative ongoing charges to shareholders.

 

BBGI is targeting dividends of 7.93 pence and 8.40 pence per ordinary share for the twelve months ending 31 December 2023 and 31 December 2024, respectively, representing a 6% increase year on year, and a dividend target of 8.57pps for 2025: all are expected to be fully cash-covered**.

 

Further information about BBGI is available on its website at www.bb-gi.com*

 

The Company's LEI: 529900CV0RWCOP5YHK95

 

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

 

* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

 

** These are guidance levels or targets only and not a profit forecast and there can be no assurance that they will be met.

 

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