Allotment of Scrip Dividend Shares

RNS Number : 9156Q

International Public Partnership Ld

27 October 2011

 



27 October 2011

INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED

ALLOTMENT OF SCRIP DIVIDEND SHARES

The Board of International Public Partnerships Limited ('INPP' or the 'Company') wish to confirm the following in respect of the scrip dividend:

Dividend period:	1 January 2011 - 30 June 2011
Dividend amount per share:	2.925 pence
Scrip dividend price per share:	113.6 pence
Payment date/Allotment of scrip:	28 October 2011
Number of new shares issued:	3,521,274
Total number of INPP shares on issue at 28 October 2011:	534,234,191

In December 2010, the Board of Directors provided indicative guidance for the target 2011 distribution of 5.85 pence per share which, if achieved, would be a 2.6% increase on the 2010 distribution and the fourth 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.  The second half of the 2011 distribution which is targeted to be 2.925 pence per share is expected to be paid in May 2012.

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 109 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.

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

 

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