Allotment of Scrip Dividend Shares

RNS Number : 0892F

International Public Partnership Ld

24 October 2018

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE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

Allotment of scrip dividend shares

24 October 2018

International Public Partnerships Limited, the listed infrastructure investment company ("the Company", "INPP") wish to confirm the following in respect of the scrip dividend:

Dividend period:	1 January 2018 - 30 June 2018
Dividend amount per share:	3.50 pence
Scrip dividend price per share:	150.16 pence
Payment date/Allotment of scrip:	8 November 2018
Number of new shares issued:	2,843,332
Total number of INPP shares in issue at 8 November 2018:	1,484,329,031

As a result of the issue of equity set out above, the Company's issued share capital consists of 1,484,329,031 Ordinary shares. This figure includes the 76,065,574 Ordinary shares of 0.01p which are anticipated to be issued on 29 October 2018 following the tap issuance, as detailed in the announcement made by the Company earlier today.

Application will be made for 2,843,332 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 8 November 2018.

2018 and 2019 Full Year Distributions

The Board of Directors has established a minimum target for 2018 and 2019 distributions of 7.00 pence per share 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. Any such changes will be notified to shareholders through a regulatory information service.

ENDS.

For further information:

Erica Sibree/Amy Joslin                                     [phone]/0587

Amber Fund Management Limited                                              

Hugh Jonathan                                                   [phone]

Numis Securities          

IMPORTANT NOTICES

This Announcement has been issued by and is the sole responsibility of the Company.

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 and businesses, 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 120 dedicated staff who manage, advise on and originate investments for INPP.

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

About Amber Infrastructure Group:

Amber is a leading international infrastructure specialist, providing asset management and investment advisory services in respect of around £8 billion of assets in the UK, Europe, Australia and North America. Amber's core business focuses on sourcing, developing, advising on, investing in and managing infrastructure assets within the utilities, PPP, transport, renewable energy and regeneration sectors.

Amber provides investment advisory services to International Public Partnerships
Limited as well as private investment funds, specialising in urban regeneration. Amber is headquartered in London with offices in Munich, Sydney, Melbourne and San Francisco and employs over 100 people, making it one of the largest international infrastructure specialists.

 

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