International Public Partnership Ld 2013 Second Half Year Dividend (3020D)
March 27 2014 - 3:02AM
UK Regulatory
TIDMINPP
RNS Number : 3020D
International Public Partnership Ld
27 March 2014
27 March 2014
2013 SECOND HALF YEAR DIVIDEND
The Board of International Public Partnerships Limited (INPP)
declares a distribution covering the period.
Distribution period: 1 July 2013 - 31 December
2013
Distribution amount per 3.075 pence
share:
Ex-dividend date: 23 April 2014
Dividend record date: 25 April 2014
Last date to elect/revoke 23 May 2014
elections:
Payment date/Allotment of 13 June 2014
scrip:
Scrip Alternative in operation: Yes
The 2013 second 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 2 May 2014 to
all eligible INPP shareholders on the register as at the record
date for the dividend being 25 April 2014. The scrip dividend
election forms will need to be completed and returned to Capita
Registrars by 23 May 2014 by those investors who wish to receive
shares in lieu of cash.
2014 and 2015 Full Year Distributions
The Board of Directors has established a minimum target for 2014
and 2015 distributions of 6.30 pence per share and 6.45 pence per
share (respectively), providing additional guidance to investors as
to the Company's future intentions. The targeted payments would
represent a minimum c.2.5% increase on the preceding distributions
and would continue to be in line with the growth target indicated
at the time of INPP's IPO in 2006.
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/Jack Hickey +44 (0)20 7269 7297/7196
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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