HICL Infrastructure Company Limited – Interim Management Statement

4 April 2019 Corporate
HICL Infrastructure Company Limited (‘HICL’ or the ‘Company’), the listed infrastructure investment company, is issuing this Interim Management Statement (‘IMS’) in accordance with FCA Disclosure and Transparency Rule 4.3.  This statement relates to the period from 1 April 2014 to 25 July 2014. References to the Group below refer to the Company and its wholly-owned corporate subsidiaries.

Graham Picken, Chairman of HICL Infrastructure Company Limited, said:

“The Company’s performance continues to meet the Board’s expectations, driven by a quality portfolio and active asset management by the Investment Adviser’s experienced team.  The Board remains confident that the target dividend per share of 7.25p for this financial year is achievable.

The UK market for the type of assets sought by the Company remains competitive with prices continuing to rise, as the results of recent competitive auctions have evidenced.  Whilst the success of last month’s tap issue demonstrates ongoing investor appetite for share issuance by the Company, the Board and Investment Adviser are maintaining pricing discipline.  Each new investment must have a robust investment rationale and although this discipline may moderate the rate of growth when acquiring new assets it will nevertheless safeguard the returns from the portfolio.

The Board is positive about the prospects for the Company, both in terms of portfolio performance and with regard to the ability of the Investment Adviser to add further value through asset management and securing value-accretive acquisitions.”

Investment Activity and Portfolio Performance

The Company

Dividends and Financing


Further reading