International Public Partnership Ld 2013 First Half Year Dividend (6921M)
August 29 2013 - 2:03AM
UK Regulatory
TIDMINPP
RNS Number : 6921M
International Public Partnership Ld
29 August 2013
29 August 2013
2013 FIRST HALF YEAR DIVIDEND
The Board of International Public Partnerships Limited (INPP)
declares a distribution covering the period 1 January 2013 to 30
June 2013.
Distribution period: 1 January 2013 - 30 June
2013
Distribution amount per 3.075 pence
share:
Ex-dividend date: 11 September 2013
Dividend record date: 13 September 2013
Last date to elect/revoke 10 October 2013
elections:
Payment date/Allotment of 23 October 2013
scrip:
Scrip Alternative in operation: Yes
The 2013 first half year distribution of 3.075 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 23 September
2013 to all eligible INPP shareholders on the register as at the
record date for the dividend being 13 September 2013. The scrip
dividend election forms will need to be completed and returned to
Capita Registrars by 10 October 2013 by those investors who wish to
receive shares in lieu of cash.
2013 Full Year Distribution
In March 2013 the Board of Directors 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. The Board today reconfirms this
guidance.
Note: The above distribution guidance is provided by the Company
in consultation with its Investment Advisor as a target only and is
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:
International Public Partnerships
Limited
Erica Sibree +44 (0)20 7939 0558
Numis Securities
Hugh Jonathan/Nick Westlake
+44(0)20 7260 1263/1345
FTI Consulting
Ed Berry/Harry Stein +44 (0)20 7269 7297/7141
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 Infrastructure Group (Amber) is the Investment Advisor to
INPP and consists of around 70 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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