3I Infrastructure Board approves payment of the proposed special dividend. Further to the announcement made on 31 January 2018 of the Company’s intention to return surplus cash to shareholders, the Board of 3i Infrastructure (3IN LN) has approved the payment of a special dividend of £425 million.
The Company will return £425 million to shareholders by way of a special dividend of 41.4 pence per Existing Ordinary Share, which will be paid to shareholders on 29 March 2018.
In addition, a share consolidation is proposed, with every 19 Existing Ordinary Shares being consolidated into 15 New Ordinary Shares. The share consolidation is intended to maintain comparability, as far as possible, of the Company’s share price before and after the payment of the special dividend.
3i Infrastructure has completed the sale of its stake in Anglian Water Group, following satisfaction of the relevant conditions. AWG is the parent company of Anglian Water, the supplier of water and water recycling services to over six million domestic and business customers in the east of England and Hartlepool.
About 3i Infrastructure
3i Infrastructure is a listed infrastructure investment company investing mainly in Europe and Asia, with a focus on the Utilities, Transportation and Social Infrastructure sectors and with an overall objective of providing shareholders with a total return of 10% per annum, 5.5% of which to be delivered through an annual distribution yield.
3IN LN : 3I Infrastructure Board approves payment of the special dividend