Change of Name

RNS Number : 4834U

Babcock&Brown Public Ptnrships Ltd

25 June 2009

 



25 June 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

Change of Company name

An Extraordinary General Meeting of Babcock & Brown Public Partnerships Limited ('the Company') was held on 18 May 2009, at which various shareholder resolutions were passed approving: (a) the transfer of the Company's investment advisory and management arrangements from the Babcock & Brown Group to the Amber Infrastructure Group (effective 23 June 2009); and (b) the change of the Company's name to 'International Public Partnerships Limited'.

The Company is pleased to advise that all procedural steps required to effect the change of Company name were finalised on 24 June 2009. Accordingly, the Company will now be known as 'International Public Partnerships Limited' and its LSE ticker code will be changed to 'INPP' from the commencement of trading tomorrow, Friday 26 June 2009.

For further information, please contact:

Bianca Francis                                                    [phone]

Chief Operating Officer

Media Enquiries:

Byron Ousey/Michael Turner                                [phone]

Kreab Gavin Anderson

Notes to Stakeholders:

Company name:	International Public Partnerships Limited
LSE ticker code:	INPP.L
Bloomberg code:	INPP LN
Address:	Level 14, 5 Aldermanbury Square, London, EC2V 7HR
Telephone:	[phone]
Web:	www.internationalpublicpartnerships.com
Email:	[e-mail]

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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