International Public Partnership Ld 2017 First Half Year Dividend (0319Q)
September 07 2017 - 2:05AM
UK Regulatory
TIDMINPP
RNS Number : 0319Q
International Public Partnership Ld
07 September 2017
7 September 2017
2017 First 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 January 2017 - 30
June 2017
Distribution amount 3.41 pence
per share:
Ex-dividend date: 28 September 2017
Dividend record date: 29 September 2017
Last date to elect/revoke 26 October 2017
elections:
Payment date/Allotment 9 November 2017
of scrip:
Scrip Alternative Yes
in operation:
The 2017 first half year distribution of 3.41 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 9 October 2017
to all eligible INPP shareholders on the register as at the record
date for the dividend being 29 September 2017. The scrip dividend
election forms will need to be completed and returned to Capita
Asset Services by 26 October 2017 by those investors who wish to
receive shares in lieu of cash.
2017 and 2018 Full Year Distributions
The Board of Directors has established a minimum target for 2017
and 2018 distributions of 6.82 pence per share and 7.00 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 ('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 127 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters, transport and utility and transmission
projects in the UK, 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 Adviser
to INPP and has over 100 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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