Allotment of Scrip Dividend Shares

RNS Number : 4299U

International Public Partnership Ld

15 October 2014

 



THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR TO U.S. PERSONS. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION.

15 October 2014

INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED

("INPP" or the "Company")

ALLOTMENT OF SCRIP DIVIDEND SHARES

The Board of International Public Partnerships Limited wish to confirm the following in respect of the scrip dividend:

Dividend period:	1 January 2014 - 30 June 2014
Dividend amount per share:	3.15 pence
Scrip dividend price per share:	132.94 pence
Payment date/Allotment of scrip:	24 October 2014
Number of new shares issued:	2,630,909
Total number of INPP shares in issue at 24 October 2014:	765,789,003

As a result of the issue of equity set out above, the Company's issued share capital consists of 765,789,003 Ordinary shares.

Application will be made for 2,630,909 new Ordinary shares of 0.01p to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the new shares will commence at 8.00 a.m. on Friday, 24 October 2014.

2014 and 2015 Full Year Distributions

The Board of Directors has established a minimum target for 2014 and 2015 distributions of 6.30 pence per share and 6.45 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 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/Mitch Barltrop                                                   [phone]/1039
FTI Consulting

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 115 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 Infrastructure Group (Amber) is the Investment Advisor to INPP and consists over 75 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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