30 November 2017
HICL Infrastructure Company Limited (the "Company")
Scrip Share Reference Price
The reference price of a new Ordinary Share under the Company's scrip dividend alternative for the second quarterly interim dividend for the financial year ended 31 March 2018 (the "Q2 Dividend") has been set at 155.64p. This is the average of the middle market prices of the Company's shares derived from the London Stock Exchange Daily Official List for the ex-dividend date and the four subsequent dealing days.
Further details of the scrip dividend alternative to the Q2 Dividend can be found in the Scrip Dividend Circular 2017-18 (the "Scrip Circular") available on the Company's website to view and/or download at https://www.hicl.com/investor-relations/circulars-related-notices. It is also available on the National Storage Mechanism website (www.morningstar.co.uk/uk/NSM).
As at today's date, the authorised share capital of the Company is £300,000.00 of which 1,788,293,008 Ordinary Shares each of 0.01p are in issue.
If all Shareholders were to decide to receive the Q2 Dividend of 1.96p per share in cash (ignoring any dividend waivers), the total cash dividend payable by the Company would be approximately £35.1m.
If all Shareholders were to elect to receive Scrip Shares instead of cash in respect of their entire holdings, approximately 22.5 million Scrip Shares would be issued based on the reference price (ignoring any dividend waivers and any rounding down in respect of fractions), representing approximately 1.26% of the issued Ordinary Share capital of the Company as at today's date.
The Q2 Dividend payment date and the date for admission and dealing of the new Ordinary Shares to be issued pursuant to the scrip dividend alternative is expected to be 29 December 2017.
For further information, please contact:
Aztec Financial Services (Guernsey) Limited Chris Copperwaite Jacques Colley |
+44 1481 748 831 |
InfraRed Capital Partners Limited Harry Seekings Keith Pickard Tony Roper |
+44 20 7484 1800 |
Canaccord Genuity Limited David Yovichic Dominic Waters Neil Brierley Will Barnett |
+44 20 7523 8000 |
Tulchan Communications Latika Shah David Allchurch |
+44 20 7353 4200 |
