TIDMINPP
RNS Number : 0892F
International Public Partnership Ld
24 October 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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.
Allotment of scrip dividend shares
24 October 2018
International Public Partnerships Limited, the listed
infrastructure investment company ("the Company", "INPP") wish to
confirm the following in respect of the scrip dividend:
Dividend period: 1 January 2018 - 30
June 2018
Dividend amount per share: 3.50 pence
--------------------
Scrip dividend price per share: 150.16 pence
--------------------
Payment date/Allotment of scrip: 8 November 2018
--------------------
Number of new shares issued: 2,843,332
--------------------
Total number of INPP shares in issue
at 8 November 2018: 1,484,329,031
--------------------
As a result of the issue of equity set out above, the Company's
issued share capital consists of 1,484,329,031 Ordinary shares.
This figure includes the 76,065,574 Ordinary shares of 0.01p which
are anticipated to be issued on 29 October 2018 following the tap
issuance, as detailed in the announcement made by the Company
earlier today.
Application will be made for 2,843,332 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 8 November 2018.
2018 and 2019 Full Year Distributions
The Board of Directors has established a minimum target for 2018
and 2019 distributions of 7.00 pence per share 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. Any such changes
will be notified to shareholders through a regulatory information
service.
ENDS.
For further information:
Erica Sibree/Amy Joslin +44 (0)20 7939 0558/0587
Amber Fund Management Limited
Hugh Jonathan +44 (0)20 7260 1263
Numis Securities
IMPORTANT NOTICES
This Announcement has been issued by and is the sole
responsibility of the Company.
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 and businesses, 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 120 dedicated staff who manage, advise on
and originate investments for INPP.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
About Amber Infrastructure Group:
Amber is a leading international infrastructure specialist,
providing asset management and investment advisory services in
respect of around GBP8 billion of assets in the UK, Europe,
Australia and North America. Amber's core business focuses on
sourcing, developing, advising on, investing in and managing
infrastructure assets within the utilities, PPP, transport,
renewable energy and regeneration sectors.
Amber provides investment advisory services to International
Public Partnerships
Limited as well as private investment funds, specialising in
urban regeneration. Amber is headquartered in London with offices
in Munich, Sydney, Melbourne and San Francisco and employs over 100
people, making it one of the largest international infrastructure
specialists.
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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