Issue of Equity

RNS Number : 1368P

International Public Partnership Ld

04 June 2015

 



THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR TO U.S. PERSONS. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION.

4 June 2015

INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED

("INPP" or the "Company")

ALLOTMENT OF SCRIP DIVIDEND SHARES

The Board of International Public Partnerships Limited wish to confirm the following in respect of the scrip dividend:

Dividend period:	1 July 2014 - 31 December 2014
Dividend amount per share:	3.15 pence
Scrip dividend price per share:	136.52 pence
Payment date/Allotment of scrip:	9 June 2015
Number of new shares issued:	1,846,353
Total number of INPP shares in issue at 9 June 2015:	838,005,726

As a result of the issue of equity set out above, the Company's issued share capital consists of 838,005,726 Ordinary shares.

Application will be made for 1,846,353 new Ordinary shares of 0.01p to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the new shares will commence at 8.00 a.m. on 9 June 2015.

2015 and 2016 Full Year Distributions

The Board of Directors has established a minimum target for 2015 and 2016 distributions of 6.45 pence per share and 6.65 pence per share (respectively), providing additional guidance to investors as to the Company's future intentions.  The targeted payments would represent a minimum c.2.5% increase on the preceding distributions and would continue to be in line with the growth target indicated at the time of INPP's IPO in 2006.

Note: The above distribution guidance is a target only and not a profit forecast. There can be no assurance that this target will be met or that the Company will make any distributions whatsoever.  The times and dates in this announcement are expected times and dates only and are subject to change.  Any such changes will be notified to shareholders through a regulatory information service.

For further information:

Erica Sibree                                                                   [phone]

Amber Fund Management Limited

Nick Westlake/Hugh Jonathan                                          [phone]/1263

Numis Securities

Ed Berry/Mitch Barltrop                                                   [phone]/1039
FTI Consulting

Notes to Editors:

About International Public Partnerships:

International Public Partnerships Limited (INPP) is a listed infrastructure investment company which invests in global public infrastructure projects developed under the public private partnerships (PPP) and private finance initiative (PFI) procurement methods.

Listed in 2006, INPP is a long-term investor in 116 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport and renewable energy projects in the U.K., Europe, Australia and Canada. INPP seeks to provide its shareholders with both a long-term government-backed yield and capital growth through investment across both construction and operational phases of 20-40 year concessions.

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

About Amber Infrastructure Group:  

Amber Infrastructure Group (Amber) is a leading international infrastructure specialist, providing asset management and investment advisory services in respect of over £5 billion of assets in the UK, Europe, Australia and North America. Amber's core business focuses on sourcing, developing, advising on, investing in and managing infrastructure assets within the utilities, PPP, transport, renewable energy and regeneration sectors.

Amber provides investment advisory services to International Public Partnerships Limited as well as private investment funds, specialising in urban regeneration. Amber is headquartered in London with offices in Munich, Sydney, Melbourne and San Francisco and employs over 80 people, making it one of the largest international infrastructure specialists.

 

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