Allotment of Scrip Dividend Shares

RNS Number : 3970F

International Public Partnership Ld

14 June 2012

 



14 June 2012

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 July 2011 - 31 December 2011
Dividend amount per share:	2.925 pence
Scrip dividend price per share:	117.9 pence
Payment date/Allotment of scrip:	15 June 2012
Number of new shares issued:	2,149,168
Total number of INPP shares on issue at 15 June 2012:	536,383,359

In December 2011, the Board of Directors provided indicative guidance on the Company's target 2012/13 distribution which is a target of 6.0 pence per share. Assuming this target is achieved, this would represent a 2.6% increase on the 2011 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. The Board today reconfirms this guidance. 

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 3.0 pence per share for the periods 1 January 2012-30 June 2012 and 1 July 2012-31 December 2012. The distribution is expected to go ex-dividend in August 2012 and March 2013 respectively.

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                                                  

Nick Westlake/Hugh Jonathan                                         [phone]/1263

Numis Securities

Ed Berry/Harry Stein                                                           [phone]/7141
FTI Consulting

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) and other similar procurement methods.

Listed in 2006, INPP is a long-term investor in 119 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport and renewable energy 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.

 

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