2011 Half Year Dividend (1747N)
August 30 2011 - 2:02AM
UK Regulatory
TIDMINPP
RNS Number : 1747N
International Public Partnership Ld
30 August 2011
30 August 2011
INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED
2011 HALF YEAR DIVIDEND
The Board of International Public Partnerships Limited (INPP)
today declared a distribution covering the period 1 January 2011 to
30 June 2011.
Distribution period: 1 January 2011 - 30 June
2011
Distribution amount per 2.925 pence
share:
Ex-dividend date: 14 September 2011
Dividend record date: 16 September 2011
Last date to elect/revoke 14 October 2011
elections:
Payment date/Allotment of 28 October 2011
scrip:
Scrip Alternative in operation: Yes
The 2011 half year distribution of 2.925 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 23 September
2011 to all eligible INPP shareholders on the register as at the
record date for the dividend being 16 September 2011. The scrip
dividend election forms will need to be completed and returned to
Capita Registrars by 14 October 2011 by those investors who wish to
receive shares in lieu of cash.
2011 Full Year Distribution
In December 2010, the Board of Directors provided indicative
guidance for the target 2011 distribution of 5.85 pence per share
which, if achieved, would be a 2.6% increase on the 2010
distribution and the fourth 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 2011 distribution which is targeted to be 2.925
pence per share is expected to be paid in May 2012.
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:
Erica Sibree +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
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 109 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.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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