Company Announcements

RNS Number : 3841Z
Renewables Infrastructure Grp (The)
06 August 2024
 

6 August 2024

 

The Renewables Infrastructure Group Limited

 

Interim Dividend

 

The Renewables Infrastructure Group Limited (the "Company") is pleased to announce the second quarterly interim dividend in respect of the three month period to 30 June 2024 of 1.8675 pence per ordinary share (the "Q2 Dividend").  The shares will go ex-dividend on 15 August 2024 and the Q2 Dividend will be paid on 30 September 2024 to shareholders on the register as at the close of business on 16 August 2024.

 

In accordance with the terms and conditions of the Scrip Dividend Alternative and the Directors' power to cancel the Scrip Dividend Alternative where a change in market conditions might, in the reasonable opinion of the Directors, render the Scrip Dividend Alternative materially detrimental to those Shareholders electing for it, the Board has decided to cancel the Scrip Dividend Alternative in respect of the Q2 Dividend due to the Company's Ordinary Shares currently trading at a larger than 10% discount to the published Net Asset Value ("NAV"). Accordingly, Shareholders will receive the Q2 Dividend in cash and, should they so wish, can choose to apply the cash dividend in acquiring Ordinary Shares in the secondary market.

Capitalised terms shall have the meanings given to them in the Scrip Dividend Circular 2024 (the "Scrip Circular") available on the Company's website to view and/or download at: www.trig-ltd.com in the Investor Relations, 'Reports & Publications', 'Circulars' section. The Scrip Circular is also available from the National Storage Mechanism website (https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

The Board expects to re-instate the scrip dividend alternative in respect of future quarterly dividends, subject to an assessment of the relevant prices and a determination that a re-instatement of the scrip dividend alternative would be for the benefit of the Company's shareholders as a whole.

 

For further information, please contact:

 

Aztec Financial Services (Guernsey) Limited

Chris Copperwaite

Laura Dunning

+44 (0)1481 749700

 

InfraRed Capital Partners Limited

Richard Crawford

Phil George

+44 (0) 20 7484 1800

Brunswick                                                                

Mara James

+44 (0) 20 7404 5959

Investec Bank Plc

 Lucy Lewis

Denis Flanagan

+44 (0) 20 7597 5661

BNP Paribas

Virginia Khoo

Carwyn Evans

 

+44 (0) 20 7595 9444

 

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