1 Jun 2018 11:01
1 June 2018
HICL Infrastructure Company Limited (the "Company")
Scrip Dividend Alternative - Suspension
Further to the Company's announcement on 16 May 2018, in which a fourth quarterly interim dividend of 1.97 pence per ordinary share was declared, the Board of Directors notes that the Scrip Share Reference Price in respect of that dividend is less than the prevailing NAV per ordinary share.
The Board believes that it would not be in the best interests of the Company and of shareholders as a whole to offer a scrip dividend alternative in such circumstances, and accordingly all shareholders entitled to receive the fourth quarterly dividend on the record date (25 May 2018) will do so in cash.
The suspension of the scrip dividend alternative relates solely to the fourth quarterly interim dividend, with the Board continuing to consider the availability of scrip in respect of any future dividends on a case-by-case basis.
For further information, please contact:
Aztec Financial Services (Guernsey) Limited Chris Copperwaite
| +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 Latika Shah
| +44 20 7353 4200 |
HICL Infrastructure (HICL)