International Public Partnership Ld Allotment of Scrip Dividend Shares (6476Y)
May 19 2016 - 2:01AM
UK Regulatory
TIDMINPP
RNS Number : 6476Y
International Public Partnership Ld
19 May 2016
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH
AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR
TO U.S. PERSONS. THE INFORMATION CONTAINED HEREIN DOES NOT
CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION.
19 May 2016
INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED
("INPP" or the "Company")
ALLOTMENT OF SCRIP DIVIDEND SHARES
The Board of International Public Partnerships Limited wish to
confirm the following in respect of the scrip dividend:
Dividend period: 1 July 2015 - 31
December 2015
===================================== =====================
Dividend amount per share: 3.225 pence
===================================== =====================
Scrip dividend price per share: 140.94 pence
===================================== =====================
Payment date/Allotment of 27 May 2016
scrip:
===================================== =====================
Number of new shares issued: 1,969,282
===================================== =====================
Total number of INPP shares
in issue at 27 May 2016: 992,603,319
===================================== =====================
As a result of the issue of equity set out above, the Company's
issued share capital consists of 992,603,319 Ordinary shares.
Application will be made for 1,969,282 new Ordinary shares of
0.01p to be admitted to the premium segment of the Official List
and to trading on the Main Market of the London Stock Exchange. It
is expected that dealings in the new shares will commence at 8.00
a.m. on 27 May 2016.
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 a target only and 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:
Erica Sibree
Amber Fund Management
Limited +44 (0)20 7939 0558
Nick Westlake/Hugh Jonathan
Numis Securities +44 (0)20 7260 1345/1263
Ed Berry/Mitch Barltrop +44 (0)20 3 727 1046 /
FTI Consulting 1039
Notes to Editors:
About International Public Partnerships:
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 over 120 social
and transport infrastructure projects, including schools,
hospitals, courts, police headquarters, transport, waste water and
utility and transmission projects in the U.K., Europe, Australia
and North America. INPP seeks to provide its shareholders with both
a long-term yield and capital growth through investment across both
construction and operational phases of typically 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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