Appointment of Director

RNS Number : 1197X

International Public Partnership Ld

07 August 2009

 

7th August 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

                                                                INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED

                                                           (formerly known as Babcock & Brown Public Partnerships Limited)

                                                                                      Appointment to the Board

In accordance with Listing Rule 9.6.11, International Public Partnerships Limited (the 'Company') announces that John Whittle has been appointed to the Board of Directors of the Company as a non-executive director with effect from 6th August 2009.

Keith Dorrian, Chairman, said 'John's appointment strengthens the Board in key areas (specifically financial) and is consistent with what the Board communicated to shareholders as part of our restructuring.'

For further information, please contact:

 Giles Frost                [phone]
Director 

Media Enquiries:

Byron Ousey/Michael Turner        [phone]
Kreab Gavin Anderson

Notes to Editors

International Public Partnerships Limited is a closed end investment company that invests in infrastructure assets in the UK, Europe and internationally, particularly those with a public or social character such as those developed with public bodies under private finance initiative (PFI) or public private partnership (PPP) procurement.  

The portfolio consists of 50 PPP/PFI projects with more than 99% of revenues backed by Governments. There is diversification geographically as well as across several PPP/PFI sectors, including roads and tunnels, railways, schools, courthouses, police and custodial facilities, government offices and health facilities. Average remaining concession life of projects in the portfolio is 25 years, against a weighted average debt tenor of 24 years, ensuring that project debt is largely matched to concession life. 

Amber Infrastructure Group has been responsible for the development and management of the majority of these assets and will continue to manage them for the benefit of INPP shareholders. 

The company listed on the Main Market of the London Stock Exchange in November 2006, and is a constituent of the FTSE 250 and FTSE AllShare. 

Disclaimer

Nothing in this press release is intended as an offer to sell or a solicitation of an offer to buy any securities. An investment in International Public Partnerships Limited (the 'Company') carries certain risks and past performance cannot be relied on as a guide to future performance.

 

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