Appointment to the Board

RNS Number : 6920M

International Public Partnership Ld

29 August 2013

 



29 August 2013

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

Appointment to the Board

In accordance with Listing Rule 9.6.11, International Public Partnerships Limited (the "Company", "INPP") announces that John Stares has been appointed to the Board of Directors of the Company as a non-executive director with effect from 28 August 2013.

Mr Stares has advised the Company that no details require to be disclosed under Listing Rule 9.6.13.

Keith Dorrian, Chairman, said "We are delighted to welcome John to the INPP Board and we are sure that his wide range of experience and appropriate qualifications will complement the Board. Following my decision not to stand for re-election next June the independent Directors, under the chairmanship of Rupert Dorey, researched the offshore market and out of a significant number of potential directors with appropriate experience a short list of 4 were selected and a number of interviews took place culminating in the appointment of John. During the coming period John will receive induction training and I am sure that by the time of my departure he will be a fully integrated and productive member of the Board."

Biography for John Stares

John Stares, 62, has over 30 years business experience.

Since moving to Guernsey in 2001, he has taken on a portfolio of roles which currently includes Chair of the JT Group (formerly Jersey Telecoms), Non-Executive Directorships with Jersey Electricity plc and the Guernsey entities of Terra Firma as well as Trustee roles with a School, Arts Foundation and NPC.  He has also completed a 10-year term as the Managing Director of Guernsey Enterprise Agency and 5-year terms as a Non-Executive Consultant to the Ogier Group and a Non-Executive Director of Aurigny Airlines.

Between 1978 and 2001 John was with Accenture.  During that period, he worked as a consultant with major clients in most industry sectors.  John became a partner in 1986 and during his 15-year tenure ending in 2001 he also held a wide variety of leadership roles in Accenture's Canadian, European and Global businesses.

John is a graduate of Imperial College London, a Chartered Accountant and a Member of the Worshipful Company of Management Consultants.

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), regulated asset and other similar procurement methods.

Listed in 2006, INPP is a long-term investor in 122 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 of around 70 dedicated staff who manage, advise on and originate projects for INPP.

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

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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