Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to Anonymous,bruncher,niord,gvonge,Shelford, for Donating to support the site

HICL Infrastructure PLC (HICL)

Share latest information on individual companies and hot news discussions. LSE Main Market companies only
Forum rules
No penny shares or promotional posts
idpickering
The full Lemon
Posts: 11515
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2487 times
Been thanked: 5856 times

Re: HICL Infrastructure PLC (HICL)

#651095

Postby idpickering » March 4th, 2024, 7:05 am

Interim Update Statement

Mike Bane, Chair of HICL said:

"HICL's high quality portfolio continues to demonstrate its resilience amidst broader macro volatility, supported by significantly accretive asset rotation announced in the period. Effective capital allocation remains crucial, and the Board has deployed disposal proceeds to reduce the balance on the Company's Revolving Credit Facility, make a highly accretive incremental investment and launch a share buyback programme."

Key Highlights

Solid operational performance across the portfolio in the period demonstrating the resilient nature of the underlying assets. The Company is on track to deliver its target dividend of 8.25p per share for the financial year to 31 March 2024, with cash generation in line with expectations.

Sale of entire stake of Northwest Parkway ("NWP") for a net consideration of US$232m at a c. 30%1 premium to the most recent valuation. Up to £50m of the sale proceeds reserved for a share buyback programme.

Acquired additional 3.1% interest in A63 Motorway in France for £20m at highly accretive terms.

£200m of disposal proceeds received and used to reduce fund-level gearing. The RCF is expected to be fully repaid with the proceeds of the Northwest Parkway disposal.

Focus remains on responsible capital allocation, with future disposal proceeds to support the evaluation of selective investment opportunities where they enhance the portfolio's key financial metrics.



https://www.investegate.co.uk/announcem ... t-/8067456

Ian (No holding).

idpickering
The full Lemon
Posts: 11515
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2487 times
Been thanked: 5856 times

Re: HICL Infrastructure PLC (HICL)

#660763

Postby idpickering » April 22nd, 2024, 7:14 am

Notice of Annual Results and Investor Presentation.

HICL advises that it plans to announce its Annual Results for the year ended 31 March 2024 on Wednesday 22 May 2024.

There will be a results presentation for analysts at 9.30am on the day at the offices of InfraRed Capital Partners followed by a Q&A session. Institutional investors are invited to dial into a live webcast of the presentation, which will be uploaded to the HICL website shortly thereafter.


https://www.investegate.co.uk/announcem ... on/8148278

Ian (No holding).

idpickering
The full Lemon
Posts: 11515
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2487 times
Been thanked: 5856 times

Re: HICL Infrastructure PLC (HICL)

#664456

Postby idpickering » May 15th, 2024, 4:41 pm

Fourth Quarterly Interim Dividend

HICL Infrastructure PLC (the "Company") is pleased to announce the fourth interim dividend for the financial year ended 31 March 2024 of 2.07 pence per ordinary share (the "Q4 Dividend").

The shares will go ex-dividend on 23 May 2024 and the Q4 Dividend will be paid on 28 June 2024 to shareholders on the register as at the close of business on 24 May 2024.

As outlined in the Company's prospectus dated 4 March 2019, a portion of the Company's dividends will be designated as an interest distribution for UK tax purposes. The interest streaming percentage for the Q4 Dividend is 61%.


https://www.investegate.co.uk/announcem ... nd/8199374

Ian (No holding).

idpickering
The full Lemon
Posts: 11515
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2487 times
Been thanked: 5856 times

Re: HICL Infrastructure PLC (HICL)

#665189

Postby idpickering » May 22nd, 2024, 8:24 am

Update on Share Buyback Programme

Details of the share buyback Programme

The Programme will commence today and end no later than 28 February 2025, subject to market conditions. The purpose of the Programme is to reduce the share capital of the Group. Shares purchased by the Company will be held in Treasury. Treasury shares are not entitled to dividends and have no voting rights at general meetings. The Programme will initially be executed under the authority granted by shareholders at the HICL annual general meeting on 19 July 2023 to acquire up to 304,520,060 shares, equating to c.14.99% of the issued share capital at the time. In addition, the Company intends to propose a resolution to refresh the share buyback authority at its 2024 annual general meeting scheduled for 17 July 2024.


https://www.investegate.co.uk/announcem ... me/8213171

Ian (No holding).


Return to “Company Share news (LSE Main Market)”

Who is online

Users browsing this forum: No registered users and 3 guests