International Public Partnership Ld Allotment of scrip dividend shares (7828O)
October 16 2012 - 4:22AM
UK Regulatory
TIDMINPP
RNS Number : 7828O
International Public Partnership Ld
16 October 2012
16 October 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 January 2012 - 30 June
2012
Dividend amount per share: 3.00 pence
=========================
Scrip dividend price per share: 120.92 pence
=========================
Payment date/Allotment of scrip: 19 October 2012
=========================
Number of new shares to be issued: 3,126,148
=========================
Total number of INPP shares in issue
at 19 October 2012: 711,552,518
=========================
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 fifth 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. Assuming the target distribution is met, the remaining
instalment of 3.0 pence per share is expected to be paid for the
period 1 July 2012-31 December 2012 in May/June 2013.
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 Limited (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 similar
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 80 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.
Disclaimer
Nothing in this press release is intended as an offer to sell or
a solicitation of an offer to buy any securities. An investment in
International Public Partnerships Limited (the "Company") carries
certain risks and past performance cannot be relied on as a guide
to future performance.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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