Issue of Equity and Block Listing
September 02 2010 - 9:11AM
UK Regulatory
TIDMINPP
RNS Number : 0683S
International Public Partnership Ld
02 September 2010
International Public Partnerships Limited
2 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 6.5 million new ordinary shares of 0.01p each in the
Company ("New Shares"). The issue price per share is 111.15 pence (ex-div).
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
As a result of the above issue, the Company has reduced the number of shares in
respect of which it has made a block listing application to 34,241,816 Ordinary
Shares of 0.01p each.
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 34,241,816 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
468,918,171 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
Notes to Editors:
About International Public Partnerships (INPP):
International Public Partnerships (INPP) is a listed infrastructure investment
company which invests in global public infrastructure projects developed under
the public private partnerships (PPP) and private finance initiative (PFI)
procurement methods.
Listed in 2006, INPP is a long-term investor in 53 social and transport
infrastructure projects, including schools, hospitals, courts and police
headquarters in the UK, Europe, Australia and Canada. INPP seeks to provide its
shareholders with both a long-term government-backed yield and capital growth
through investment across both construction and operational phases of 25-40 year
concessions.
Amber Infrastructure Group (Amber) is the Investment Advisor to INPP and
consists of 50 dedicated infrastructure specialists which originate and source a
strong pipeline of projects for INPP.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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