2011 Distribution

RNS Number : 0388Y

International Public Partnership Ld

16 December 2010

 



16 December 2010

2011 Distribution

The Board of International Public Partnerships Limited ("INPP" or the "Company") is pleased to provide indicative guidance on the Company's target 2011 distribution of 5.85 pence per share. Assuming this target is achieved, this would represent a 2.6% increase on the 2010 distribution, and would be the fourth consecutive year the Company has increased distributions above the 2.5% growth forecast indicated at the time of the Company's IPO in 2006. As per previous periods, the target distribution is expected to be entirely funded through operating cash flow from the underlying projects.

Assuming the target distribution is met, it is expected to be paid in two equal instalments of 2.925 pence per share for the periods 1 January 2011-30 June 2011 and 1 July 2011-31 December 2011. The distribution is expected to go ex-dividend in August 2011 and March 2012 respectively. The Board intends to offer a scrip dividend alternative to those investors who wish to receive additional INPP securities in lieu of a cash payment.

Note: The above distribution guidance is a target only and not a profit forecast. There can be no assurance that this target will be met or that the Company will make any distributions whatsoever.

For further information:

Bianca Francis                                                 [phone]

Amber Fund Management Limited                                

Nick Westlake/Hugh Jonathan                            [phone]/1263

Numis Securities       

Ed Gascoigne-Pees/Ed Berry                               [phone]/7297
Financial Dynamics

Notes to Editors:

About International Public Partnerships (INPP):

International Public Partnerships Limited (INPP) is a listed infrastructure investment company which invests in global public infrastructure projects developed under the public private partnerships (PPP) and private finance initiative (PFI) procurement methods.

Listed in 2006, INPP is a long-term investor in 55 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters and transport projects in the U.K., Europe, Australia and Canada. INPP seeks to provide its shareholders with both a long-term government-backed yield and capital growth through investment across both construction and operational phases of 25-40 year concessions.

Amber Infrastructure Group (Amber) is the Investment Advisor to INPP and consists of more than 50 dedicated infrastructure specialists which originate and source a strong pipeline of projects for INPP.

 

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