International Public Partnership Ld Allotment of Scrip Dividend Shares (9905A)

TIDMINPP

RNS Number : 9905A

International Public Partnership Ld

03 June 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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME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")

Allotment of scrip dividend shares

3 June 2019

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 July 2018 - 31 December 
                                          2018 
 Dividend amount per share:              3.50 pence 
                                        -------------------------- 
 Scrip dividend price:                   159.00 pence per share 
                                        -------------------------- 
 Payment date/Allotment of scrip:        10 June 2019 
                                        -------------------------- 
 Number of new shares issued:            943,993 
                                        -------------------------- 
 Total number of INPP shares in issue 
  at 10 June 2019:                       1,485,273,024 
                                        --------------------------

As a result of the issue of equity set out above, the Company's issued share capital consists of 1,485,273,024 Ordinary shares. Application will be made for 943,993 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 10 June 2019.

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. Any such changes will be notified to shareholders through a regulatory information service.

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.

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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