Last checked at 
22 Oct 2018 16:20
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI 213800W64MWATSIV5Z47
Correction: Dividend Declaration
22 October 2018
CORRECTION: RNS number 5328E released at 7.00am on 19 October 2018 contained an error. The cheque posting date should have read 30 November 2018. All other details remain unchanged and the corrected announcement is as follows:
Headline: Dividend Declaration and Scrip Dividend Alternative
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 2018 to 30 September 2018. The dividend will be paid on 3 December 2018 to holders of ordinary shares recorded on the register as at the close of business on 2 November 2018.
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 1 November 2018.
Full details of the scrip dividend alternative can be found in the Scrip Dividend Circular in respect of the financial year ended 30 September 2018 ("Scrip Dividend Circular 2018"), which was published by the Company on 19 January 2018 and has also been submitted to the National Storage Mechanism. The Scrip Dividend circular 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 8 November 2018.
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 2018. 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 | 1 November 2018 |
Record date for dividend | 2 November 2018 |
Publication of reference price for scrip dividend alternative | 8 November 2018 |
Final time and date for receipt by the Receiving Agent of Scrip dividend mandates and for submission of CREST elections | 5.00 pm on 16 November 2018
|
Posting of dividend cheques | 30 November 2018 |
CREST stock account credited with new Ordinary Shares | 3 December 2018 |
Dividend payment date | 3 December 2018 |
Dealings commence in new Ordinary Shares | 3 December 2018 |
Posting of new Ordinary Share certificates | 3 December 2018 |
Gravis Capital Management Limited Stephen Ellis Rollo Wright 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 Charles Ryland Henry Wilson
| +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.