2010 First Half Dividend
August 24 2010 - 2:01AM
UK Regulatory
TIDMINPP
RNS Number : 4967R
International Public Partnership Ld
24 August 2010
24 August 2010
International Public Partnerships Limited
2010 FIRST HALF DIVIDEND
The Board of International Public Partnerships Limited (INPP) today declared a
dividend covering the period 1 January 2010 to 30 June 2010.
+--------------------------------+--------------------------+
| Distribution period: | 1 January 2010 - 30 June |
| | 2010 |
+--------------------------------+--------------------------+
| Distribution amount per share: | 2.85 pence |
| | |
+--------------------------------+--------------------------+
| Ex-dividend date: | 1 September 2010 |
+--------------------------------+--------------------------+
| Dividend record date: | 3 September 2010 |
+--------------------------------+--------------------------+
| Last date to elect/revoke | 1 October 2010 |
| elections: | |
+--------------------------------+--------------------------+
| Payment date/Allotment of | 15 October 2010 |
| scrip: | |
+--------------------------------+--------------------------+
| Scrip Alternative in | Yes |
| operation: | |
+--------------------------------+--------------------------+
The 2010 first half dividend of 2.85 pence per share is in line with the target
previously outlined by Directors and, as per previous periods, has been entirely
funded through operating cash flow from the underlying projects.
The Board intend to offer a scrip dividend alternative for this distribution to
those investors who wish to receive additional INPP 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 together with scrip
dividend election forms will be mailed on or about 10 September 2010 to all
eligible INPP shareholders on the register as at the record date for the
dividend being 3 September 2010. The scrip dividend election forms will need to
be completed and returned to Capita Registrars by 1 October 2010 by those
investors who wish to receive shares in lieu of cash.
2010 Full Year Distribution
In December, the Board of Directors provided indicative guidance for the target
2010 distribution of 5.70 pence per share, which if achieved would be a 2.8%
increase on the 2009 distribution and the third consecutive year INPP has
increased distributions above the 2.5% growth target indicated at the time of
INPP's IPO in 2006. The Board today reconfirms this guidance. The second half of
the 2010 distribution which is targeted to be 2.85 pence per share is expected
to be paid in May 2011.
Note: The above distribution guidance is a target only and not a profit
forecast. There can be no assurance that this target will be met or that the
Company 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.
For further information:
Bianca Francis +44 (0)20 7939
0558
Amber Fund Management Limited
Hugh Jonathan/Nick Westlake +44 (0)20 7260 1263/1345
Numis Securities
Ed Gascoigne-Pees/Ed Berry +44 (0)20 7269
7132/7297
Financial Dynamics
Capita Registrars +44 (0)871 664
0300
ssd@capitaregistrars.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
DIVUOUVRRNAWUAR
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jun 2024 to Jul 2024
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jul 2023 to Jul 2024