HICL Infrastructure seeks shareholder approval for investment policy

London-based HICL Infrastructure PLC has proposed changes to its investment policy and scheduled a shareholder meeting for November 16, 2026. Currently, the company's investment policy places a focus on characteristics of the infrastructure market from its 2006 IPO, primarily Private Finance Initiative and Public Private Partnership concession investments.

The proposed policy introduces a new category called "enhancers," where up to 25% of total assets could be invested, potentially expanding the company's asset base and revenue profile. The existing policy permits up to 35% allocation to more diverse infrastructure investments, including construction-stage and demand-based investments, which the new policy will remove.

Additionally, the new policy imposes a separate limit of 30% for investments in infrastructure funds and financial instruments. The board recommends shareholders vote in favor of the proposal, holding a limited stake of approximately 0.02% of the total issued share capital.