International Public Partnership Ld Dividend Declaration (0302L)
August 30 2012 - 2:02AM
UK Regulatory
TIDMINPP
RNS Number : 0302L
International Public Partnership Ld
30 August 2012
30 August 2012
2012 FIRST HALF YEAR DIVIDEND
The Board of International Public Partnerships Limited (INPP)
declares a distribution covering the period 1 January 2012 to 30
June 2012.
Distribution period: 1 January 2012 - 30 June
2012
Distribution amount per 3.0 pence
share:
Ex-dividend date: 12 September 2012
Dividend record date: 14 September 2012
Last date to elect/revoke 5 October 2012
elections:
Payment date/Allotment of 19 October 2012
scrip:
Scrip Alternative in operation: Yes
The 2012 first half year distribution of 3.0 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 21 September
2012 to all eligible INPP shareholders on the register as at the
record date for the dividend being 14 September 2012. The scrip
dividend election forms will need to be completed and returned to
Capita Registrars by 5 October 2012 by those investors who wish to
receive shares in lieu of cash.
2012 Full Year Distribution
In December 2011 the Board of Directors provided indicative
guidance for the target 2012 distribution of 6.0 pence per share
which, if achieved, would be a 2.6% increase on the 2011
distribution and the fifth 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.
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
FTI Consulting
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 121 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 65 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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