2011 Distribution (0388Y)
December 16 2010 - 2:00AM
UK Regulatory
TIDMINPP
RNS Number : 0388Y
International Public Partnership Ld
16 December 2010
16 December 2010
2011 Distribution
The Board of International Public Partnerships Limited ("INPP"
or the "Company") is pleased to provide indicative guidance on the
Company's target 2011 distribution of 5.85 pence per share.
Assuming this target is achieved, this would represent a 2.6%
increase on the 2010 distribution, and would be the fourth
consecutive year the Company has increased distributions above the
2.5% growth forecast indicated at the time of the Company's IPO in
2006. As per previous periods, the target distribution is expected
to be entirely funded through operating cash flow from the
underlying projects.
Assuming the target distribution is met, it is expected to be
paid in two equal instalments of 2.925 pence per share for the
periods 1 January 2011-30 June 2011 and 1 July 2011-31 December
2011. The distribution is expected to go ex-dividend in August 2011
and March 2012 respectively. The Board intends to offer a scrip
dividend alternative to those investors who wish to receive
additional INPP securities in lieu of a cash payment.
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.
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
Ed Gascoigne-Pees/Ed Berry +44 (0)20 7269 7132/7297 Financial
Dynamics
Notes to Editors:
About International Public Partnerships (INPP):
International Public Partnerships Limited (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 55 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters and transport projects in the U.K.,
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 more than 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
MSCLLFFEFRLELII
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jul 2024 to Aug 2024
International Public Par... (LSE:INPP)
Historical Stock Chart
From Aug 2023 to Aug 2024