2015 Second Half Year Dividend

RNS Number : 1128T

International Public Partnership Ld

24 March 2016

 

24 March 2016

2015 Second Half Year Dividend

The Board of International Public Partnerships Limited (INPP), the FTSE 250 listed infrastructure investment company, declares a distribution covering the period:

Distribution period:	1 July 2015 - 31 December 2015
Distribution amount per share:	3.225 pence
Ex-dividend date:	14 April 2016
Dividend record date:	15 April 2016
Last date to elect/revoke elections:	13 May 2016
Payment date/Allotment of scrip:	27 May 2016
Scrip Alternative in operation:	Yes

The 2015 second half year distribution of 3.225 pence per share is in line with the target previously outlined by the Directors and, as per previous periods, has been entirely funded through operating cash flow from the underlying projects.

The Board intend to offer a scrip dividend alternative for this distribution to those investors who wish to receive additional INPP securities in lieu of a cash payment. A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular, together with scrip dividend election forms, will be mailed on or about 25 April 2016 to all eligible INPP shareholders on the register as at the record date for the dividend being 15 April 2016. The scrip dividend election forms will need to be completed and returned to Capita Asset Services by 13 May 2016 by those investors who wish to receive shares in lieu of cash.

2015 and 2016 Full Year Distributions

The Board of Directors has established a minimum target for 2016 and 2017 distributions of 6.65 pence per share and 6.82 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 provided by the Company in consultation with its Investment Advisor as a target only and is 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.

Enquiries:

International Public Partnerships Limited Erica Sibree	[phone]
FTI Consulting Ed Berry Mitch Barltrop	[phone] [phone]

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 over 120 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport, renewable energy and waste water projects in the U.K., Europe, Australia and North America.  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 typically 20-40 year concessions.

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

 

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