Allotment of Scrip Dividend Shares (3970F)
June 14 2012 - 9:28AM
UK Regulatory
TIDMINPP
RNS Number : 3970F
International Public Partnership Ld
14 June 2012
14 June 2012
INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED
ALLOTMENT OF SCRIP DIVIDEND SHARES
The Board of International Public Partnerships Limited ('INPP'
or the 'Company') wish to confirm the following in respect of the
scrip dividend:
Dividend period: 1 July 2011 - 31 December
2011
Dividend amount per share: 2.925 pence
==========================
Scrip dividend price per share: 117.9 pence
==========================
Payment date/Allotment of scrip: 15 June 2012
==========================
Number of new shares issued: 2,149,168
==========================
Total number of INPP shares on
issue at 15 June 2012: 536,383,359
==========================
In December 2011, the Board of Directors provided indicative
guidance on the Company's target 2012/13 distribution which is a
target of 6.0 pence per share. Assuming this target is achieved,
this would represent a 2.6% increase on the 2011 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. The Board today reconfirms this
guidance.
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 3.0 pence per share for the
periods 1 January 2012-30 June 2012 and 1 July 2012-31 December
2012. The distribution is expected to go ex-dividend in August 2012
and March 2013 respectively.
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
Nick Westlake/Hugh Jonathan +44 (0)20 7260 1345/1263
Numis Securities
Ed Berry/Harry Stein +44(0)2072697297/7141 FTI Consulting
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), private finance initiative (PFI) and other
similar procurement methods.
Listed in 2006, INPP is a long-term investor in 119 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters, transport and renewable energy
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 60 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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