TIDMINPP
RNS Number : 0738A
International Public Partnership Ld
02 June 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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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 INCLUDING IN THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA.
2 June 2016
International Public Partnerships Limited
Result Of Annual General Meeting ("AGM")
International Public Partnerships Limited ("INPP" or the
"Company") is pleased to announce that, at the AGM held at 10.00 am
this morning, each of the Resolutions were duly passed without
amendment.
The proxy votes received by the Company prior to the AGM were as
follows:
Resolution Votes For Votes Against Votes Withheld*
(including discretionary)
-------------- ----------------------------- ------------------- ----------------
1 Ordinary 329,644,739 99.98% 70,538 0.02% 0
--- --------- ----------------- ---------- ----------- ------ ----------------
2 Ordinary 327,052,996 99.96% 145,190 0.04% 2,517,090
--- --------- ----------------- ---------- ----------- ------ ----------------
3 Ordinary 329,701,285 99.99% 12,104 0.01% 1,889
--- --------- ----------------- ---------- ----------- ------ ----------------
4 Ordinary 329,600,863 99.97% 112,525 0.03% 1,889
--- --------- ----------------- ---------- ----------- ------ ----------------
5 Ordinary 329,700,434 99.99% 12,955 0.01% 1,889
--- --------- ----------------- ---------- ----------- ------ ----------------
6 Ordinary 323,089,820 97.99% 6,623,568 2.01% 1,889
--- --------- ----------------- ---------- ----------- ------ ----------------
7 Ordinary 329,715,278 100.00% 0 0% 0
--- --------- ----------------- ---------- ----------- ------ ----------------
8 Ordinary 327,472,017 99.99% 5,943 0.01% 2,237,317
--- --------- ----------------- ---------- ----------- ------ ----------------
9 Ordinary 329,712,861 99.99% 2,417 0.01% 0
--- --------- ----------------- ---------- ----------- ------ ----------------
10 Ordinary 329,706,424 99.99% 8,744 0.01% 110
--- --------- ----------------- ---------- ----------- ------ ----------------
11 Special 329,692,170 99.99% 22,998 0.01% 110
--- --------- ----------------- ---------- ----------- ------ ----------------
12 Special 329,697,833 99.99% 17,335 0.01% 110
--- --------- ----------------- ---------- ----------- ------ ----------------
13 Special 313,119,741 94.98% 16,564,052 5.02% 31,485
--- --------- ----------------- ---------- ----------- ------ ----------------
14 Special 309,136,293 93.77% 20,544,973 6.23% 34,012
--- --------- ----------------- ---------- ----------- ------ ----------------
*A vote withheld is not a vote in law and is therefore not
counted towards the proportion of votes "for" or "against" the
Resolution.
In accordance with LR 9.6.18, details of those resolutions
passed at the AGM that were not in the ordinary course of business
are detailed below.
Resolution 11
To approve that the Company generally be and is hereby
authorised for the purposes of section 315 of the Companies
(Guernsey) Law, 2008 as amended (the "Law") to make market
acquisitions (as defined in the Law) of ordinary shares in the
capital of the Company of par value 0.01 penny each (the "Ordinary
Shares") provided that:
a. The maximum number of Ordinary Shares authorised to be
purchased shall be 14.99 per cent. of the Ordinary Shares in issue
immediately following this annual general meeting (excluding
treasury shares);
b. The minimum price (exclusive of expenses) which may be paid
for such shares is GBP0.01 per Ordinary Share;
c. The maximum price (exclusive of expenses) payable by the
Company which may be paid for Ordinary Shares shall be the higher
of (i) 5 per cent. above the average market value for the five
business days before the purchase is made and (ii) the higher of
the price of the last independent trade and the highest independent
bid at the time of the purchase for any number of Ordinary Shares
on the trading venue where the purchase price is carried out;
d. The authority hereby conferred shall (unless previously
renewed or revoked) expire at the end of the annual general meeting
of the Company to be held in 2017 or, if earlier, the date falling
eighteen months from the passing of these resolutions;
e. The Company may make a contract to purchase its own Ordinary
Shares under the authority hereby conferred prior to the expiry of
such authority which will or may be executed wholly or partly after
the expiry of such authority, and may make a purchase of its own
Ordinary Shares in pursuance of any such contract; and
f. Any Ordinary Share acquired by the Company pursuant to the
above authority may, subject to the requirements of the Law, be
held as a treasury share in accordance with the Law or be cancelled
by the Company.
Resolution 12
THAT the Directors of the Company from time to time (the
"Board") be and are hereby generally empowered in accordance with
Article 40(4) of the articles of incorporation (in substitution for
any existing such power or authority) to allot up to: the aggregate
number of Ordinary Shares as represent less than 10 per cent. of
the number of Ordinary Shares already admitted to trading on the
London Stock Exchange's main market for listed securities
immediately following the passing of this resolution, as if the
pre-emption provisions contained in Article 40(1) of the articles
of incorporation did not apply to any such allotment, provided that
this power shall (unless previously revoked, varied or renewed by
the Company) expire on the conclusion of the annual general meeting
of the Company to be held in 2017, save that the Company may make
prior to such expiry any offer or agreement which would or might
require shares to be allotted after expiry of such period and the
Board may allot Ordinary Shares pursuant to such an offer or
agreement notwithstanding the expiry of the authority given by this
resolution.
Resolution 13
THAT the regulations contained in the document signed for the
purposes of identification by the Chairman be and are hereby
approved and adopted as the new Memorandum of Incorporation of the
Company in substitute for and to the exclusion of the existing
Memorandum of Incorporation of the Company.
Resolution 14
THAT the regulations contained in the document signed for the
purposes of identification by the Chairman be and are hereby
approved and adopted as the new Articles of Incorporation of the
Company in substitution for and to the exclusion of the existing
Articles of Incorporation of the Company.
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
FTI Consulting +44 (0) 20 3727 1046/1039
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 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 typically of 25-40 year concessions.
Amber Infrastructure Group ('Amber') is the Investment Advisor
to INPP and consists around 90 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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