International Public Partnership Ld 2015 Second Half Year Dividend (1128T)
March 24 2016 - 3:05AM
UK Regulatory
TIDMINPP
RNS Number : 1128T
International Public Partnership Ld
24 March 2016
24 March 2016
2015 Second Half Year Dividend
The Board of International Public Partnerships Limited (INPP),
the FTSE 250 listed infrastructure investment company, declares a
distribution covering the period:
Distribution period: 1 July 2015 - 31 December
2015
Distribution amount 3.225 pence
per share:
Ex-dividend date: 14 April 2016
Dividend record date: 15 April 2016
Last date to elect/revoke 13 May 2016
elections:
Payment date/Allotment 27 May 2016
of scrip:
Scrip Alternative Yes
in operation:
The 2015 second half year distribution of 3.225 pence per share
is in line with the target previously outlined by the 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 25 April 2016
to all eligible INPP shareholders on the register as at the record
date for the dividend being 15 April 2016. The scrip dividend
election forms will need to be completed and returned to Capita
Asset Services by 13 May 2016 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 2016
and 2017 distributions of 6.65 pence per share and 6.82 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.
Enquiries:
International Public Partnerships
Limited +44 (0)20 7939
Erica Sibree 0558
+44 (0)20 3727
FTI Consulting 1046
Ed Berry +44 (0)20 3727
Mitch Barltrop 1039
About International Public Partnerships:
International Public Partnerships Limited (INPP) is a listed
infrastructure investment company which invests in global public
infrastructure projects developed under the public private
partnerships (PPP) and private finance initiative (PFI) procurement
methods.
Listed in 2006, INPP is a long-term investor in over 120 social
and transport infrastructure projects, including schools,
hospitals, courts, police headquarters, transport, renewable energy
and waste water projects in the U.K., Europe, Australia and North
America. INPP seeks to provide its shareholders with both a
long-term government-backed yield and capital growth through
investment across both construction and operational phases of
typically 20-40 year concessions.
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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