TIDMINPP
RNS Number : 2067V
International Public Partnership Ld
09 January 2013
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH
AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR
TO U.S. PERSONS. THE INFORMATION CONTAINED HEREIN DOES NOT
CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION.
9 January 2013
Proposed Issue of equity
The Board of Directors (the "Board") of International Public
Partnerships Limited (the "Company" and/or "INPP") is pleased to
announce that the Company is looking to raise approximately GBP30
million before costs through the issue of ordinary shares in the
capital of the Company (the "Shares") by way of tap issuance to
qualifying investors(1) through its corporate broker, Numis
Securities Limited ("Numis"), (the "Issue"). The Board may increase
the target size of the Issue up to GBP40 million at their
discretion.
The Issue price per Share will be in the range of 122p to 124p.
The Issue is expected to close by 4:30p.m. (London time) on 10
January 2013 but may be closed earlier or later at the absolute
discretion of the Company and Numis. Qualifying investors are
invited to apply for Shares through contacting Numis on the contact
details below. The decision to allot Shares to any qualifying
investor shall be at the absolute discretion of the Company and
Numis.
The Company has the authority to issue up to 53,638,334 Shares
on a non pre-emptive basis by way of tap issue or otherwise, as and
when the Board deem appropriate. The Board now deem it appropriate
based on the premium that the Company's shares trade at relative to
the Net Asset Value per share as well as the good pipeline of
investment opportunities that INPP has.
The Company will make a further announcement of the results of
the Issue when it has completed.
1. As defined in section 86(7) of the Financial Services and
Markets Act 2000 (as amended).
For further information:
Erica Sibree +44 (0)20 7939 0558
Amber Fund Management Limited
Chris Gook/Tod Davis (Sales) +44 (0)20 7260 1378/1381
Nick Westlake (Corporate) +44 (0)20 7260 1345
Numis Securities Limited
Ed Berry/Harry Stein +44 (0)20 7269 7297/7141
FTI Consulting
About International Public Partnerships:
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), regulated
asset and other similar procurement methods.
Listed in 2006, INPP is a long-term investor in 122 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters, transport and utility and transmission
projects in the U.K., Europe, Australia and Canada. INPP seeks to
provide its shareholders with both a long-term yield and capital
growth through investment across both construction and operational
phases of 25-40 year concessions.
Amber Fund Management Limited is the Investment Advisor to INPP
and consists of more than 80 dedicated staff who manage, advise on
and originate projects for INPP.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
Important Information:
This Announcement has been issued by and is the sole
responsibility of the Company.
No representation or warranty express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by Numis or by any of its respective
affiliates or agents as to or in relation to, the accuracy or
completeness of this Announcement or any other written or oral
information made available to or publicly available to any
interested party or its advisers, and any liability therefore is
expressly disclaimed.
Neither this Announcement nor anything contained herein shall
form the basis of, or be relied upon in connection with, any offer
or commitment whatsoever in any jurisdiction.
This Announcement and the information contained herein is not
for publication, release or distribution, directly or indirectly,
in or into the United States, Australia, Canada, Japan or South
Africa or any jurisdiction in which the same would be unlawful.
This Announcement does not constitute an offer to sell or issue or
the solicitation of an offer to buy or acquire shares in the
capital of the Company.
The Shares have not been, or will not be, registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act") or
with any securities regulatory authority of any State or other
jurisdiction of the United States, and accordingly may not be
offered, sold or transferred within the United States except
pursuant to an exemption from, or in a transaction not subject to,
registration under the Securities Act. No offering of the Shares is
being made in the United States or to U.S. persons as defined in
and in accordance with Regulation S under the Securities Act ("U.S.
Persons"). The Company has not been and will not be registered
under the U.S. Investment Company Act of 1940, as amended (the
"Investment Company Act") and investors will not be entitled to the
benefits of that Act.
Numis, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting for International
Public Partnerships Limited and is acting for no-one else in
connection with the Issue and will not be responsible to anyone
other than INPP for providing the protections afforded to its
clients nor for providing advice in relation to the proposed issue
or any other matter referred to herein. To the fullest extent
permitted by law recipients agree that Numis shall not have any
liability (direct or indirect) for or in connection with this
Announcement or any matters arising out of or in connection
herewith. Numis has not authorised the contents of, or any part of,
this document.
This Announcement is for information purposes only and does not
constitute an invitation to subscribe for or otherwise acquire or
dispose of securities in the Company in any jurisdiction. The
information contained in this Announcement is for background
purposes only and does not purport to be full or complete. This
Announcement does not constitute or form part of any offer to issue
or sell, or any solicitation of any offer to subscribe or purchase,
any investments nor shall it (or the fact of its distribution) form
the basis of, or be relied on in connection with, any contract
therefor.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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