Issue of Equity and Block Listing
September 01 2010 - 8:24AM
UK Regulatory
TIDMINPP
RNS Number : 9771R
International Public Partnership Ld
01 September 2010
Issue of Equity, Block Listing Application and Total Voting Rights
ISSUE OF EQUITY
International Public Partnerships Limited ("INPP" or "the Company") announces
that it has issued for cash 5 million new ordinary shares of 0.01p each in the
Company ("New Shares"). The issue price per share is 114 pence.
The net proceeds will be used for general corporate purposes.
Application has been made for the New Shares to be admitted to the Official List
of the UK Listing Authority and admitted to trading on the London Stock
Exchange, which is expected on 6 September 2010.
BLOCK LISTING
In addition, the Company has also made a block listing application for
40,741,816 Ordinary Shares of 0.01p each in INPP to be admitted to the Official
List of the UK Listing Authority and admitted to trading on the London Stock
Exchange.
The Ordinary Shares may be issued for cash from time to time for the general
corporate purposes of the Company. Any such issues will be made at a price above
the net asset value per share as at the time of issue. New Ordinary Shares will
be issued fully paid and will rank pari passu in all respects with the existing
issued Ordinary Shares of the Company.
As at today's date, the Company may issue up to a further 40,741,816 Ordinary
Shares without the need to produce a prospectus pursuant to the requirements of
Prospectus Rule 1.2.3R(1).
TOTAL VOTING RIGHTS
As a result of the issue of equity set out above, the Company will have
462,418,171 issued ordinary shares admitted to trading on a regulated or
prescribed market. Each ordinary share carries the right to one vote in relation
to all circumstances at general meetings of the Company. The Company does not
hold any ordinary shares in treasury. The total voting rights figure may be used
by shareholders (and others with notification obligations) as the denominator
for the calculations by which they will determine whether they are required to
notify their interest in, or a change to their interest in, the Company under
the FSA's Disclosure Rules and Transparency Rules.
For further information:
Bianca Francis +44 (0)20 7939
0558
Amber Fund Management Limited
Nick Westlake/Hugh Jonathan +44 (0)20 7260 1345/1263
Numis Securities Limited
Ed Gascoigne-Pees/Ed Berry +44 (0)20 7269 7132/7297
Financial Dynamics
______________
This information is provided by RNS
The company news service from the London Stock Exchange
END
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