TIDMINPP
RNS Number : 1947E
International Public Partnership Ld
14 July 2016
This replaces announcement number 1230E released at 07.00 GMT on
14 July 2016. The original announcement incorrectly stated the
price of the New Ordinary Shares. All other details of the
announcement remain unchanged.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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, ANY JURISDICTION OF THE EEA OTHER THAN THE UK OR IRELAND,
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.
International Public Partnerships Issue of Equity
14 July 2016
Issue of Equity
Further to the announcement of 5 July 2016, the Board of
Directors (the "Board") of International Public Partnerships
Limited (the "Company" and/or "INPP") is pleased to announce the
placing has closed, raising GBP125 million before costs and
expenses through the issue of 83,612,040 ordinary shares of 0.01p
in the capital of the Company (the "New Ordinary Shares") (the
"Issue").
The placing was oversubscribed with demand from existing and new
investors.
The New Ordinary Shares will be issued at 149.5pence per share,
which represents a discount of 1.97% to the closing price prior to
the fund raising announcement on 5 July 2016.
Chairman of International Public Partnerships, Rupert Dorey
said: "The oversubscription of our latest fundraising demonstrates
the continued attractiveness of the Company's investment case. Our
enhanced corporate debt facility has again allowed us to be agile
and competitive in originating and acquiring infrastructure assets
core to our portfolio. Today's close is another sign of confidence
in the Company's pipeline and we look forward to deploying the net
proceeds to help deliver predictable, low-risk and long-term
returns to our shareholders."
Application for listing and admission to trading
Application will be made to the Financial Conduct Authority for
admission of the New Ordinary Shares to the premium segment of the
Official List of the FCA and to the London Stock Exchange plc for
admission to trading of the New Ordinary Shares on its main market
for listed securities (together, "Admission"). It is expected that
Admission will become effective on or around 18 July 2016 and that
dealings in the New Ordinary Shares on the London Stock Exchange's
main market for listed securities will commence at that time.
For further information:
Erica Sibree +44 (0)20 7939 0558
Amber Fund Management Limited
Chris Gook (Sales) +44 (0)20 7260 1378
Hugh Jonathan / Nick Westlake (Corporate) +44 (0)20 7260 1263/1345
Numis Securities
Ed Berry/Mitch Barltrop +44 (0) 20 3727 1046/1039
FTI Consulting
IMPORTANT NOTICES
This announcement does not constitute a prospectus relating to
the Company and does not constitute, or form part of, any offer or
invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for, any shares in the Company in any
jurisdiction nor shall it, or any part of it, or the fact of its
distribution, form the basis of, or be relied on in connection with
or act as any inducement to enter into, any contract therefor.
Numis, which is authorised and regulated in the United Kingdom
by the Financial Conduct Authority, is acting for INPP and is
acting for no-one else in connection with the Issue 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.
No representation or warranty express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by Numis or by any of its respective
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.
Neither this Announcement nor anything contained herein shall
form the basis of, or be relied upon in connection with, any offer
or commitment whatsoever in any jurisdiction.
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 or South
Africa, any EEA jurisdiction other than the UK or Ireland, or any
jurisdiction in which the same would be unlawful.
The New Ordinary Shares have not been, or will not be,
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act") or with any securities regulatory authority of
any State or other jurisdiction of the United States, and
accordingly may not be offered, sold or transferred within the
United States except pursuant to an exemption from, or in a
transaction not subject to, registration under the Securities Act.
No offering of the New Ordinary Shares is being made in the United
States or to U.S. persons as defined in and in accordance with
Regulation S under the Securities Act ("U.S. Persons"). The Company
has not been and will not be registered under the U.S. Investment
Company Act of 1940, as amended (the "Investment Company Act") and
investors will not be entitled to the benefits of that Act.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEGIGDRUXBBGLS
(END) Dow Jones Newswires
July 14, 2016 04:39 ET (08:39 GMT)
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jun 2024 to Jul 2024
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jul 2023 to Jul 2024