International Public Partnership Ld 2012 Second Half Year Dividend (0435B)
March 28 2013 - 3:03AM
UK Regulatory
TIDMINPP
RNS Number : 0435B
International Public Partnership Ld
28 March 2013
28 March 2013
2012 SECOND HALF YEAR DIVIDEND
The Board of International Public Partnerships Limited (INPP)
today declared a distribution covering the period 1 July 2012 to 31
December 2012.
Distribution period: 1 July 2012 - 31 December
2012
Distribution amount per 3.0 pence
share:
Ex-dividend date: 24 April 2013
Dividend record date: 26 April 2013
Last date to elect/revoke 24 May 2013
elections:
Payment date/Allotment of 14 June 2013
scrip:
Scrip Alternative in operation: Yes
The 2012 second 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 7 May 2013 to
all eligible INPP shareholders on the register as at the record
date for the dividend being 26 April 2013. The scrip dividend
election forms will need to be completed and returned to Capita
Registrars by 24 May 2013 by those investors who wish to receive
shares in lieu of cash.
2013 Full Year Distribution
Today, the Board of Directors have also provided indicative
guidance for the target 2013 distribution of 6.15 pence per share
which, if achieved, would be a 2.5% increase on the 2012
distribution and the sixth consecutive year INPP has increased
distributions at or above the 2.5% growth target indicated at the
time of INPP's IPO in 2006.
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 Berry/Harry Stein +44 (0)20 7269 7297/7141
Financial Dynamics
Notes to Editors:
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), 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 approximately 80 dedicated staff who manage, advise
on and originate 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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