International Public Partnership Ld Allotment of Scrip Dividend Shares (7842N)
October 28 2016 - 11:00AM
UK Regulatory
TIDMINPP
RNS Number : 7842N
International Public Partnership Ld
28 October 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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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.
28 October 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 January 2016
- 30 June 2016
================================= ================
Dividend amount per share: 3.325 pence
================================= ================
Scrip dividend price per share: 152.72 pence
================================= ================
Payment date/Allotment of 3 November 2016
scrip:
================================= ================
Number of new shares issued: 2,025,390
================================= ================
Total number of INPP shares
in issue at 3 November 2016: 1,078,240,749
================================= ================
As a result of the issue of equity set out above, the Company's
issued share capital consists of 1,078,240,749 Ordinary shares.
Application will be made for 2,025,390 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 3 November 2016.
2016 and 2017 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.
For further information:
International Public Partnerships
Limited +44 (0)20 7939
Erica Sibree 0558
Numis Securities +44(0)20 7260
Hugh Jonathan/Nick Westlake 1263/1345
FTI Consulting +44 (0)20 7269
Ed Berry/Mitch Barltrop 7297/7196
Notes to Editors:
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 122 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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