Babcock&Brown Public Ptnrships Ltd
22 August 2007
22 August 2007
Interim Distribution Announcement and Notification of
Results Briefing
Babcock & Brown Public Partnerships Limited (LSE: BBPP) (the 'Company') today
announced details of its intention to declare an interim distribution covering
the period from listing to 30 June 2007.
Distribution period: Listing (9 November 2006) to 30 June 2007
Distribution amount per share: 3.35 pence
Ex-distribution date: Wednesday 26 September 2007
Record date: Friday 28 September 2007
Payment date: Friday 26 October 2007
The cash distribution of 3.35 pence per share is in line with the target
distribution yield set out in the Company's prospectus.
Also note BBPP will be releasing its interim results on Tuesday 18 September
2007. A teleconference will be held for analysts and investors. Further details
will be circulated closer to this date.
For further information, please contact:
Babcock & Brown +44 (0)20 7203 7300
Investors Bianca Francis
Media Anthony Kennaway
Notes to Editors
About Babcock & Brown Public Partnerships Limited:
Babcock & Brown Public Partnerships Limited (LSE: BBPP) is a limited liability,
Guernsey incorporated, closed-ended investment company. The Company offers
shareholders an exposure to investment in infrastructure assets, particularly
those with a public or social character such as those developed under public
bodies under private finance initiative or public private partnership
procurements.
The Company floated on the main market of the London Stock Exchange on 9th
November 2006 and on 14 August 2007 had a market capitalisation of £323.3
million. The portfolio now comprises 25 projects - 13 developed under the UK PFI
Private Finance Initiative; 6 under the UK NHS Local Improvement Finance Trust
procurement, 4 Australian PPP projects, a Canadian P3 contract, and is preferred
bidder on a German PPP project. 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. Babcock & Brown has been responsible for the development and
management of the majority of these assets and through Babcock & Brown
Investment Management Limited (BBIML) will continue to manage them for the
benefit of BBPP.
In the future BBPP intends to capitalise on the development and
internationalisation of private finance initiative (PFI) and public private
partnerships (PPP) procurement models for public infrastructure in other
developed countries, which it is anticipated will provide further investment
opportunities for BBPP.
This information is provided by RNS
The company news service from the London Stock Exchange
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