International Public Partnership Ld 2018 Second Half Year Dividend (2454U)
March 28 2019 - 3:02AM
UK Regulatory
TIDMINPP
RNS Number : 2454U
International Public Partnership Ld
28 March 2019
28 March 2019
2018 Second 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 July 2018 - 31 December
2018
Distribution amount per 3.5 pence
share:
Ex-dividend date: 11 April 2019
Dividend record date: 12 April 2019
Last date to elect/revoke 24 May 2019
elections:
Payment date/Allotment of 10 June 2019
scrip:
Scrip Alternative in operation: Yes
The 2018 second 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 12 April 2019 with the scrip dividend circular being mailed
on or about 3 May 2019, 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.
2019 and 2020 Full Year Distributions
The Board of Directors reaffirms that it has established a
target for 2019 and 2020 distributions of 7.18 and 7.36 pence per
share (respectively), providing additional guidance to investors as
to the Company's future intentions. The targeted payments would
represent a 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 and businesses, which meets societal and
environmental needs, both now, and into the future.
INPP is a responsible, long-term investor in 130 infrastructure
projects and businesses, including utility and transport
businesses, transmission projects, schools, courts and police
headquarters in the UK, Europe, Australia and North America. INPP
seeks to provide its shareholders with both a long-term yield and
capital growth.
Amber Infrastructure Group ('Amber') is the Investment Adviser
to INPP and consists over 120 staff who are responsible for the
management of, advice on and origination of infrastructure
investments.
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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