International Public Partnership Ld 2018 First Half Year Dividend (9170Z)
September 06 2018 - 2:01AM
UK Regulatory
TIDMINPP
RNS Number : 9170Z
International Public Partnership Ld
06 September 2018
6 September 2018
INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED
("INPP" or the "Company")
2018 FIRST HALF YEAR DIVIDEND
The Board of INPP, the FTSE 250 listed infrastructure investment
company, declares a distribution covering the period:
Distribution period: 1 January 2018 - 30
June 2018
Distribution amount per share: 3.5 pence
Ex-dividend date: 20 September 2018
Dividend record date: 21 September 2018
Circulation of Scrip Election 2 October 2018
Forms and Circular:
Last date to elect/revoke elections: 22 October 2018
Payment date/Allotment of scrip: 8 November 2018
Scrip Alternative in operation: Yes
The 2018 first half year distribution of 3.5 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 eligible INPP investors who wish to receive
additional INPP securities in lieu of a cash payment. In line with
prior dividends, the Company has implemented an online process,
reducing the need for paperwork and allowing eligible INPP
shareholders access to a web-based service to elect the scrip
dividend alternative. Details will be sent to all eligible INPP
shareholders on the register as at the record date for the dividend
being 21 September 2018 with the scrip dividend circular being
mailed on or about 2 October 2018, the terms of the scrip dividend
alternative will also be available on the INPP website.
Shareholders wishing to access the web-based service and receive
electronic communications from the Company can do so at
www.signalshares.com.
2018 and 2019 Full Year Distributions
The Board of Directors reaffirms that it has established a
minimum target for 2018 and 2019 distributions of 7.00 and 7.18
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. The Board will
continue to review whether scrip dividends are appropriate for
future dividends. Any such changes will be notified to shareholders
through a regulatory information service.
Enquiries:
International Public Partnerships
Limited
Erica Sibree +44 (0)20 7939 0558
Amy Joslin +44 (0)20 7939 0587
FTI Consulting
Ed Berry +44 (0)20 3727 1046
Mitch Barltrop +44 (0)20 3727 1039
About International Public Partnerships:
International Public Partnerships ('INPP') is a listed
infrastructure investment company which invests in global public
infrastructure projects.
Listed in 2006, INPP is a long-term investor in 129
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 consists over 100 dedicated staff who manage, advise on
and originate investments for INPP.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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