2012 Second Half Year Dividend

RNS Number : 0435B

International Public Partnership Ld

28 March 2013

 



28 March 2013

2012 SECOND HALF YEAR DIVIDEND

The Board of International Public Partnerships Limited (INPP) today declared a distribution covering the period 1 July 2012 to 31 December 2012.

Distribution period:	1 July 2012 - 31 December 2012
Distribution amount per share:	3.0 pence
Ex-dividend date:	24 April 2013
Dividend record date:	26 April 2013
Last date to elect/revoke elections:	24 May 2013
Payment date/Allotment of scrip:	14 June 2013
Scrip Alternative in operation:	Yes

The 2012 second half year distribution of 3.0 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 7 May 2013 to all eligible INPP shareholders on the register as at the record date for the dividend being 26 April 2013. The scrip dividend election forms will need to be completed and returned to Capita Registrars by 24 May 2013 by those investors who wish to receive shares in lieu of cash.

2013 Full Year Distribution

Today, the Board of Directors have also provided indicative guidance for the target 2013 distribution of 6.15 pence per share which, if achieved, would be a 2.5% increase on the 2012 distribution and the sixth consecutive year INPP has increased distributions at or above the 2.5% growth target indicated at the time of INPP's IPO in 2006.

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 Berry/Harry Stein                                        [phone]/7141
Financial Dynamics

Notes to Editors:

About International Public Partnerships (INPP):

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

Listed in 2006, INPP is a long-term investor in 122 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport and utility and transmission projects in the U.K., Europe, Australia and Canada. INPP seeks to provide its shareholders with both a long-term yield and capital growth through investment across both construction and operational phases of 25-40 year concessions.

Amber Fund Management Limited is the Investment Advisor to INPP and consists of approximately 80 dedicated staff who manage, advise on and originate projects for INPP.

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

 

END

 

 

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