BBGI Global Infrastructure declares dividend of 3.74p per share


BBGI Global Infrastructure SA (LON:BBGI), the global infrastructure investment company, has declared a second interim dividend of 3.74 pence per share with scrip alternative for the period 1 July – 31 December 2022, to be paid on 5 April 2023. Payment of this second interim dividend is consistent with the Company’s target dividend payment of 7.48 pence per share in respect of the financial year ended 31 December 2022.

Details of the second interim dividend are as follows:

Dividend per share:                                                                                                                       3.74 pence

Ex-Dividend date:                                                                                                                 23 February 2023

Dividend Record date:                                                                                                          24 February 2023

Qualifying shareholders last date to make scrip dividend election:                                          20 March 2023

Payment date/Allotment of scrip dividend shares:                                                                         5 April 2023

A scrip alternative is being offered with this dividend to qualifying shareholders who wish to receive additional BBGI securities in lieu of a cash payment.  A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular will be mailed on or about 3 March 2023 to all eligible BBGI shareholders as at the dividend record date, being 24 February 2023. The scrip dividend elections will need to be received as instructed by 20 March 2023 from qualifying shareholders who wish to opt for the scrip dividend alternative.  Full details of how and when to respond will be contained in the circular.

Distributions on the ordinary shares are planned to be paid twice a year, subject to market conditions and to conditions as prescribed by Luxembourg law. The Company has set a target dividend of 7.63 pence per share for 2023.

Note: The distribution guidance above is a target only and not a profit forecast. There can be no assurance that this target will be met or that BBGI Global Infrastructure will make any distributions whatsoever. The times and dates in this announcement are expected times and dates only and are subject to change. Any such changes will be notified to shareholders through a Regulatory Information Service.

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