International Public Partnership Ld Dividend Declaration (1857X)
August 27 2015 - 2:04AM
UK Regulatory
TIDMINPP
RNS Number : 1857X
International Public Partnership Ld
27 August 2015
27 August 2015
2015 FIRST HALF YEAR DIVIDEND
The Board of International Public Partnerships Limited (INPP)
declares a distribution covering the period.
Distribution period: 1 January 2015 - 30 June
2015
Distribution amount per 3.225 pence
share:
Ex-dividend date: 17 September 2015
Dividend record date: 18 September 2015
Last date to elect/revoke 16 October 2015
elections:
Payment date/Allotment of 30 October 2015
scrip:
Scrip Alternative in operation: Yes
The 2015 first half year distribution of 3.225 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 29 September
2015 to all eligible INPP shareholders on the register as at the
record date for the dividend being 18 September 2015. The scrip
dividend election forms will need to be completed and returned to
Capita Registrars by 16 October 2015 by those investors who wish to
receive shares in lieu of cash.
2015 and 2016 Full Year Distributions
The Board of Directors has established a minimum target for 2015
and 2016 distributions of 6.45 pence per share and 6.65 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/Mitch Barltrop +44 (0)20 3727 1046/1039
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 116 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 over 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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