2011 Second Half Year Dividend

RNS Number : 6328B

International Public Partnership Ld

19 April 2012

 



19 April 2012

2011 SECOND HALF YEAR DIVIDEND

The Board of International Public Partnerships Limited (INPP) declares a distribution covering the period 1 July 2011 to 31 December 2011.

Distribution period:	1 July 2011 - 31 December 2011
Distribution amount per share:	2.925 pence
Ex-dividend date:	25 April 2012
Dividend record date:	27 April 2012
Last date to elect/revoke elections:	25 May 2012
Payment date/Allotment of scrip:	15 June 2012
Scrip Alternative in operation:	Yes

The 2011 second half year distribution of 2.925 pence per share is in line with the target previously outlined by 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 investors who wish to receive additional INPP securities in lieu of a cash payment. A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular together with scrip dividend election forms will be mailed on or about 8 May 2012 to all eligible INPP shareholders on the register as at the record date for the dividend being 27 April 2012. The scrip dividend election forms will need to be completed and returned to Capita Registrars by 25 May 2012 by those investors who wish to receive shares in lieu of cash.

2012 Full Year Distribution

In December 2011 the Board of Directors provided indicative guidance for the target 2012 distribution of 6.0 pence per share which, if achieved, would be a 2.6% increase on the 2011 distribution and the fifth consecutive year INPP has increased distributions above the 2.5% growth target indicated at the time of INPP's IPO in 2006. The Board today reconfirms this guidance. 

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. 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                                                    [phone]
Amber Fund Management Limited                                

Hugh Jonathan/Nick Westlake                            [phone]/1345
Numis Securities       

Ed Gascoigne-Pees/Ed Berry                              [phone]/7297
FTI Consulting

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 117 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 60 dedicated infrastructure specialists which originate and source a strong pipeline of projects for INPP.

Visit the INPP website at www.internationalpublicpartnerships.com for more information.

 

END

 

 

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