2018 First Half Year Dividend

RNS Number : 9170Z

International Public Partnership Ld

06 September 2018

 

6 September 2018

INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED

("INPP" or the "Company")

2018 FIRST HALF YEAR DIVIDEND

The Board of INPP, the FTSE 250 listed infrastructure investment company, declares a distribution covering the period:

Distribution period:	1 January 2018 - 30 June 2018
Distribution amount per share:	3.5 pence
Ex-dividend date:	20 September 2018
Dividend record date:	21 September 2018
Circulation of Scrip Election Forms and Circular:	2 October 2018
Last date to elect/revoke elections:	22 October 2018
Payment date/Allotment of scrip:	8 November 2018
Scrip Alternative in operation:	Yes

The 2018 first half year distribution of 3.5 pence per share is in line with the target previously outlined by the 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 eligible INPP investors who wish to receive additional INPP securities in lieu of a cash payment. In line with prior dividends, the Company has implemented an online process, reducing the need for paperwork and allowing eligible INPP shareholders access to a web-based service to elect the scrip dividend alternative. Details will be sent to all eligible INPP shareholders on the register as at the record date for the dividend being 21 September 2018 with the scrip dividend circular being mailed on or about 2 October 2018, the terms of the scrip dividend alternative will also be available on the INPP website. Shareholders wishing to access the web-based service and receive electronic communications from the Company can do so at www.signalshares.com.

2018 and 2019 Full Year Distributions

The Board of Directors reaffirms that it has established a minimum target for 2018 and 2019 distributions of 7.00 and 7.18 pence per share (respectively), providing additional guidance to investors as to the Company's future intentions. The targeted payments would represent a minimum 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. The Board will continue to review whether scrip dividends are appropriate for future dividends. Any such changes will be notified to shareholders through a regulatory information service.

Enquiries:

International Public Partnerships Limited Erica Sibree Amy Joslin	[phone] [phone]
FTI Consulting Ed Berry Mitch Barltrop	[phone] [phone]

About International Public Partnerships:

International Public Partnerships ('INPP') is a listed infrastructure investment company which invests in global public infrastructure projects.

Listed in 2006, INPP is a long-term investor in 129 infrastructure projects, including schools, hospitals, courts, police headquarters, transport and utility and transmission projects in the UK, Europe, Australia and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth through investment across both construction and operational phases typically of 25-40 year concessions.

Amber Infrastructure Group ('Amber') is the Investment Adviser to INPP and consists over 100 dedicated staff who manage, advise on and originate investments for INPP.

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

 

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