TIDMINPP
RNS Number : 7465F
International Public Partnership Ld
16 November 2015
THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT
FOR PUBLICATION, RELEASE OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN
OR INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN, NEW ZEALAND OR
THE REPUBLIC OF SOUTH AFRICA OR IN ANY MEMBER STATE OF THE EU OTHER
THAN THE UK AND IRELAND OR IN ANY JURISDICTION IN WHICH THE SAME
WOULD BE UNLAWFUL
16 November 2015
GBP180 million raised through Placing, Open Offer and Offer for
Subscription
Result of Placing, Open Offer and Offer for Subscription
Further to the announcement of 19 October, International Public
Partnerships Limited ("INPP" or the "Company") is pleased to
announce that it has raised a total of GBP180 million through the
issue of new shares via a Placing, Open Offer and Offer for
Subscription. The issue was very significantly over subscribed.
A total of 137,142,857 Shares will be issued at a price of
131.25 pence per Share, of which 39,979,495 Shares will be issued
pursuant to the Open Offer, 1,471,821 Shares will be issued
pursuant to the Offer for Subscription and 95,691,541 Shares will
be issued under the Placing.
Commenting on the result of the Placing, Open Offer and Offer
for Subscription, Rupert Dorey, Chairman of INPP, said:
"The demand for new shares in the Company has been very strong
and significantly exceeded our target. We are very grateful for the
support from both existing and new shareholders. We believe the
success of the issue underlines the investment attractions of the
infrastructure sector generally and of the assets within our
portfolio in particular."
Applications will be made for the 137,142,857 new shares to be
admitted to the premium segment of the Official List of the UK
Listing Authority and to trading on the London Stock Exchange plc's
main market for listed securities ("Admission"). Admission is
expected to become effective, and dealings in the New Shares are
expected to commence, at 8.00 a.m. on 18 November 2015. The issue
of new shares is conditional on Admission becoming effective by not
later than this time or such later date as may be provided for in
the Issue Agreement and on the Issue Agreement becoming otherwise
unconditional in all respects, and not being terminated in
accordance with its terms, before Admission becomes effective.
Following this issue, the Company's issued share capital will
comprise 990,634,037 ordinary shares. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
Unless otherwise defined, capitalised words and phrases in this
Announcement shall have the meaning given to them in the
Prospectus.
For further information:
Erica Sibree
Amber Fund Management Limited
+44 (0)20 7939 0558
Nick Westlake / Hugh Jonathan
Numis Securities Limited
+44 (0)20 7260 1000
IMPORTANT NOTICES
This Announcement has been issued for information purposes only.
It is issued by and is the sole responsibility of the Company. No
representation or warranty, express or implied, is or will be made
to, or in relation to, and no responsibility or liability is or
will be accepted by Numis Securities Limited ("Numis") or by any of
its 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.
Numis is acting for the Company as sponsor, corporate broker,
financial adviser and bookrunner in relation to the proposed Issue
of New Shares pursuant to the Placing, Open Offer and Offer for
Subscription. Numis is authorised and regulated by the Financial
Conduct Authority. Numis is not acting for anyone else 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.
Ordinary Shares to be issued pursuant to the Issue have not
been, and will not be, registered under the U.S. Securities Act of
1933, as amended (the "Securities Act") or under the applicable
state securities laws of the United States, and accordingly,
subject to certain exceptions, may not be offered or sold directly
or indirectly in or into the United States, or to or for the
benefit of any U.S. person (within the meaning of Regulation S
under the Securities Act). In addition, the Company has not been
and will not be registered under the United States Investment
Company Act of 1940, as amended.
The distribution of this Announcement and the placing, open
offer and offer for subscription of Ordinary Shares in certain
jurisdictions may be restricted by law. No action has been taken by
the Company or Numis that would permit an offering of any Ordinary
Shares or possession or distribution of this Announcement or any
other offering or publicity material relating to such Ordinary
Shares in any jurisdiction where action for that purpose is
required. Persons into whose possession this Announcement comes are
required by the Company and Numis to inform themselves about, and
to observe, such restrictions.
Certain statements in this Announcement are forward-looking
statements which are based on the Company's expectations,
intentions and projections regarding its future performance,
anticipated events or trends and other matters that are not
historical facts. These statements are not guarantees of future
performance and are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. Given these risks and uncertainties,
prospective investors are cautioned not to place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date of such statements and, except as required by
applicable law, the Company undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.
The information contained in this Announcement is subject to
change without notice and neither the Company nor Numis assume any
responsibility or obligation to update publicly or review any of
the forward-looking statements contained herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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