TIDMINPP
RNS Number : 5096A
International Public Partnership Ld
29 May 2019
29 May 2019
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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 INCLUDING IN THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA.
INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED
("INPP" or the "Company")
RESULT OF ANNUAL GENERAL MEETING ("AGM")
29 May 2019
International Public Partnerships Limited ("INPP" or the
"Company") is pleased to announce that, at the AGM held at 10.00 am
this morning, each of the Resolutions were duly passed without
amendment.
The proxy votes received by the Company prior to the AGM were as
follows:
Resolution Votes For Votes Against Votes Withheld*
(including discretionary)
1 Ordinary 921,970,109 100.00% 0 0% 686,955
--------- ----------------- ---------- ----------- ------ ----------------
2 Ordinary 921,824,917 99.99% 130,587 0.01% 701,560
--------- ----------------- ---------- ----------- ------ ----------------
3 Ordinary 921,847,643 99.99% 114,913 0.01% 694,507
--------- ----------------- ---------- ----------- ------ ----------------
4 Ordinary 916,030,435 99.36% 5,924,953 0.64% 701,676
--------- ----------------- ---------- ----------- ------ ----------------
5 Ordinary 921,930,614 99.99% 19,774 0.01% 706,676
--------- ----------------- ---------- ----------- ------ ----------------
6 Ordinary 921,803,024 99.98% 152,364 0.02% 701,676
--------- ----------------- ---------- ----------- ------ ----------------
7 Ordinary 921,935,614 99.99% 19,774 0.01% 701,676
--------- ----------------- ---------- ----------- ------ ----------------
8 Ordinary 890,420,030 96.58% 31,535,358 3.42% 701,676
--------- ----------------- ---------- ----------- ------ ----------------
9 Ordinary 864,223,106 93.74% 57,762,281 6.26% 701,676
--------- ----------------- ---------- ----------- ------ ----------------
10 Ordinary 921,970,109 100.00% 0 0% 686,955
--------- ----------------- ---------- ----------- ------ ----------------
11 Ordinary 902,223,265 99.99% 19,971 0.01% 20,413,827
--------- ----------------- ---------- ----------- ------ ----------------
12 Ordinary 921,824,923 99.98% 145,186 0.02% 686,955
--------- ----------------- ---------- ----------- ------ ----------------
13 Ordinary 921,956,005 99.99% 8,169 0.01% 692,890
--------- ----------------- ---------- ----------- ------ ----------------
14 Special 921,876,420 99.99% 92,754 0.01% 687,890
--------- ----------------- ---------- ----------- ------ ----------------
15 Special 921,857,274 99.99% 103,776 0.01% 696,014
--------- ----------------- ---------- ----------- ------ ----------------
*A vote withheld is not a vote in law and is therefore not
counted towards the proportion of votes "for" or "against" the
Resolution.
In accordance with LR 9.6.18, details of those resolutions
passed at the AGM that were not in the ordinary course of business
are detailed below.
Resolution 13 - Ordinary Resolution
THAT, in accordance with Article 108 of the articles of
incorporation, the Board may, in respect of dividends declared for
any financial period or periods of the Company ending prior to the
annual general meeting of the Company to be held in 2020, offer the
holders of the ordinary shares in the capital of the Company of par
value 0.01 penny each (the "Ordinary Shares") the right to elect to
receive further Ordinary Shares, credited as fully paid, in respect
of all or any part of such dividend or dividends declared in
respect of any such period or periods.
Resolution 14 - Special Resolution
To approve that the Company generally be and is hereby
authorised for the purposes of section 315 of the Companies
(Guernsey) Law, 2008 as amended (the "Law") to make market
acquisitions (as defined in the Law) of ordinary shares in the
capital of the Company of par value 0.01 penny each (the "Ordinary
Shares") provided that:
a. the maximum number of Ordinary Shares authorised to be
purchased shall be 14.99 per cent. of the Ordinary Shares in issue
immediately following this annual general meeting (excluding
treasury shares);
b. the minimum price (exclusive of expenses) which may be paid
for such shares is GBP0.01 per Ordinary Share;
c. the maximum price (exclusive of expenses) payable by the
Company which may be paid for Ordinary Shares shall be the higher
of (i) 5 per cent. above the average market value for the five
business days before the purchase is made and (ii) the higher of
the price of the last independent trade and the highest independent
bid at the time of the purchase for any number of Ordinary Shares
on the trading venue where the purchase price is carried out;
d. the authority hereby conferred shall (unless previously
renewed or revoked) expire at the end of the annual general meeting
of the Company to be held in 2020 or, if earlier, the date falling
eighteen months from the passing of these resolutions;
e. the Company may make a contract to purchase its own Ordinary
Shares under the authority hereby conferred prior to the expiry of
such authority which will or may be executed wholly or partly after
the expiry of such authority, and may make a purchase of its own
Ordinary Shares in pursuance of any such contract; and
f. any Ordinary Share acquired by the Company pursuant to the
above authority may, subject to the requirements of the Law, be
held as a treasury share in accordance with the Law or be cancelled
by the Company.
Resolution 15 - Special Resolution
THAT the Directors of the Company from time to time (the
"Board") be and are hereby generally empowered in accordance with
Article 39.4 of the articles of incorporation (in substitution for
the existing power and authority granted at the Company's Annual
General Meeting held in 2018), to allot up to the aggregate number
of Ordinary Shares as represent 9.99 per cent. of the number of
Ordinary Shares already admitted to trading on the London Stock
Exchange's main market for listed securities immediately following
the passing of this resolution as if the pre-emption provisions
contained in Article 39.1 of the articles of incorporation did not
apply to any such allotment, provided that this power shall (unless
previously revoked, varied or renewed by the Company) expire on the
conclusion of the Annual General Meeting of the Company) to be held
in 2020, save that the Company may make prior to such expiry any
offer or agreement which would or might require shares to be
allotted after expiry of such period and the Board may allot
Ordinary Shares pursuant to such an offer or agreement
notwithstanding the expiry of the authority given by this
resolution.
For further information:
Erica Sibree/Amy Joslin
Amber Fund Management Limited +44 (0)20 7939 0558/0587
Hugh Jonathan
Numis Securities +44 (0)20 7260 1263
Ed Berry/Mitch Barltrop
FTI Consulting +44 (0) 20 3727 1046/1039
About International Public Partnerships (INPP):
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.
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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