Allotment of Scrip Dividend Shares

RNS Number : 6476Y

International Public Partnership Ld

19 May 2016

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME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.

19 May 2016

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 July 2015 - 31 December 2015
Dividend amount per share:	3.225 pence
Scrip dividend price per share:	140.94 pence
Payment date/Allotment of scrip:	27 May 2016
Number of new shares issued:	1,969,282
Total number of INPP shares in issue at 27 May 2016:	992,603,319

As a result of the issue of equity set out above, the Company's issued share capital consists of 992,603,319 Ordinary shares.

Application will be made for 1,969,282 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 27 May 2016.

2015 and 2016 Full Year Distributions

The Board of Directors has established a minimum target for 2015 and 2016 distributions of 6.45 pence per share and 6.65 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                                           Amber Fund Management Limited	[phone]
Nick Westlake/Hugh Jonathan Numis Securities	[phone]/1263
Ed Berry/Mitch Barltrop FTI Consulting	[phone] / 1039

Notes to Editors:

About International Public Partnerships:

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 over 120 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport, waste water and utility and transmission projects in the U.K., 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 of typically 25-40 year concessions.

Amber Infrastructure Group ("Amber") is the Investment Advisor to INPP and consists of over 80 dedicated staff who manage, advise on and originate projects for INPP.

 

END

 

 

IOEUWRVRNKAVAAR