Last checked at 
15 Oct 2019 07:00
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MNATSIV5Z47
Headline: Dividend Declaration and Scrip Dividend Alternative
15 October 2019
GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 July 2019 to 30 September 2019. The dividend will be paid on 22 November 2019 to holders of ordinary shares recorded on the register as at the close of business on 25 October 2019.
The Company will also be offering a scrip dividend alternative under which shareholders may elect to receive new ordinary shares in lieu of the cash dividend. The price of a new ordinary share to be issued under the scrip dividend alternative will be calculated by taking the average of the Company's closing middle market quotations of an ordinary share for the four consecutive dealing days commencing on the ex-dividend date of 24 October 2019.
Full details of the scrip dividend alternative can be found in the Scrip Dividend Circular in respect of the financial year ended 30 September 2019 ("Scrip Dividend Circular 2019"), which has been submitted to the National Storage Mechanism and is available for inspection at 12 Castle Street, St Helier, JE2 3RT and on the Company's website at https://www.graviscapital.com/funds/gcp-infra/literature
The reference price for the scrip shares will also be calculated and published on or around 31 October 2019.
Shareholders will receive the dividend in cash unless they have completed either an evergreen standing election ("Scrip Dividend Mandate") (for holders of ordinary shares in certificated form only) or a CREST Dividend Election Input Message (for holders of ordinary shares in CREST only).
Holders of ordinary shares in certificated form who complete a Scrip Dividend Mandate will continue to receive scrip shares in lieu of their entire cash dividend entitlement for future dividends unless they revoke their Scrip Dividend Mandate, details of which are set out in the Scrip Dividend Circular 2019. For shareholders who hold their shares through CREST, a CREST Dividend Election Input Message should be issued on each occasion where a scrip dividend alternative is offered.
Expected timetable:
Shares quoted ex-dividend | 24 October 2019 |
Record date for dividend | 25 October 2019 |
Publication of reference price for scrip dividend alternative | 31 October 2019 |
Final time and date for receipt by the Receiving Agent of Scrip dividend mandates and for submission of CREST elections | 5.00 pm on 8 November 2019
|
CREST stock account credited with new Ordinary Shares | 22 November 2019 |
Dividend payment date | 22 November 2019 |
Dealings commence in new Ordinary Shares | 22 November 2019 |
Gravis Capital Management Limited Philip Kent Dion Di Miceli
| +44 (0)20 3405 8500 |
Stifel Nicolaus Europe Limited Mark Bloomfield Neil Winward Gaudi Le Roux
| +44 (0)20 7710 7600 |
Buchanan/Quill Helen Tarbet Sam Emery Nick Croysdill | +44 (0)20 7466 5000 |
Notes to the Editor
About GCP Infra
GCP Infra is a closed-ended investment company and FTSE-250 constituent whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained, long-term distributions and to preserve capital over the long term by generating exposure to UK infrastructure debt and related and/or similar assets. The Company primarily targets investments in infrastructure projects, with long term, public sector-backed, availability-based revenues. Where possible, investments are structured to benefit from partial inflation protection. GCP Infra is advised by Gravis Capital Management Limited.