Issue of Equity and Block Lis

RNS Number : 9771R

International Public Partnership Ld

01 September 2010

 



Issue of Equity, Block Listing Application and Total Voting Rights

ISSUE OF EQUITY

International Public Partnerships Limited ("INPP" or "the Company") announces that it has issued for cash 5 million new ordinary shares of 0.01p each in the Company ("New Shares"). The issue price per share is 114 pence.

The net proceeds will be used for general corporate purposes.

Application has been made for the New Shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange, which is expected on 6 September 2010.

BLOCK LISTING

In addition, the Company has also made a block listing application for 40,741,816 Ordinary Shares of 0.01p each in INPP to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange.

The Ordinary Shares may be issued for cash from time to time for the general corporate purposes of the Company. Any such issues will be made at a price above the net asset value per share as at the time of issue. New Ordinary Shares will be issued fully paid and will rank pari passu in all respects with the existing issued Ordinary Shares of the Company.

As at today's date, the Company may issue up to a further 40,741,816 Ordinary Shares without the need to produce a prospectus pursuant to the requirements of Prospectus Rule 1.2.3R(1).

TOTAL VOTING RIGHTS

As a result of the issue of equity set out above, the Company will have 462,418,171 issued ordinary shares admitted to trading on a regulated or prescribed market. Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of the Company. The Company does not hold any ordinary shares in treasury. The total voting rights figure may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure Rules and Transparency Rules.

For further information:

Bianca Francis                                                [phone]

Amber Fund Management Limited

Nick Westlake/Hugh Jonathan                          [phone]/1263

Numis Securities Limited

Ed Gascoigne-Pees/Ed Berry                           [phone]/7297

Financial Dynamics

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