International Public Partnerships Replacement - Allotment of Scrip Dividend Shares (0071Q)
June 15 2020 - 10:41AM
UK Regulatory
TIDMINPP
RNS Number : 0071Q
International Public Partnerships
15 June 2020
THIS ANNOUNCEMENT REPLACES RNS NUMBER 9647P RELEASED ON 15 JUNE
2020 AT 10.34 AM. THE EARLIER ANNOUCEMENT INCORRECTLY RECORDED THE
ADMISSION DATE AS 15 JUNE 2020 BUT SHOULD HAVE STATED 19 JUNE 2020.
ALL OTHER DETAIL REMAINS THE SAME.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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
15 June 2020
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 2019 - 31 December
2019
Dividend amount per share: 3.59 pence
--------------------------
Scrip dividend price: 152.88 pence per share
--------------------------
Payment date/Allotment of scrip: 19 June 2020
--------------------------
Number of new shares issued: 4,162,764
--------------------------
Total number of INPP shares in issue
at 15 June 2020: 1,614,958,240
--------------------------
As a result of the issue of equity set out above, the Company's
issued share capital consists of 1,614,958,240 Ordinary shares.
Application will be made for 4,162,764 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 19 June 2020.
2020 and 2021 Full Year Distributions
The Board of Directors reaffirms that it has established a
target for 2020 and 2021 distributions of 7.36 and 7.55 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. Whilst we currently have good
forward-visibility of cash flows generated by the Company's
investments given their predictability, we continue to monitor the
current Covid-19 related uncertainty.
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 +44 (0)20 7939 0558/0587
Amber Fund Management Limited
Hugh Jonathan +44 (0)20 7260 1263
Numis Securities
Ed Berry/Mitch Barltrop +44 (0) 20 3727 1046/1039
FTI Consulting
About International Public Partnerships (INPP):
INPP is a listed infrastructure investment company that 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. The portfolio consists of utility and
transmission, transport, education, health, justice and digital
infrastructure projects and businesses, 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 of approximately 130 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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