Allotment of Scrip Dividend Shares

RNS Number : 6910V

International Public Partnership Ld

06 November 2017

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME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.

6 November 2017

Allotment of Scrip Dividend Shares

International Public Partnerships Limited, the listed infrastructure investment company ("the Company", "INPP") wish to confirm the following in respect of the scrip dividend:

Dividend period:	1 January 2017 - 30 June 2017
Dividend amount per share:	3.41 pence
Scrip dividend price per share:	158.12 pence
Payment date/Allotment of scrip:	9 November 2017
Number of new shares issued:	2,293,393
Total number of INPP shares in issue at 9 November 2017:	1,352,086,971

As a result of the issue of equity set out above, the Company's issued share capital consists of 1,352,086,971 Ordinary shares.

Application will be made for 2,293,393 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 November 2017.

2017 and 2018 Full Year Distributions

The Board of Directors has established a minimum target for 2017 and 2018 distributions of 6.82 pence per share and 7.00 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 ('INPP') is a listed infrastructure investment company which invests in global public infrastructure projects developed under the public private partnerships ('PPP'), private finance initiative ('PFI'), regulated asset and other similar procurement methods.

Listed in 2006, INPP is a long-term investor in 127 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport and utility and transmission projects in the UK, Europe, Australia and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth through investment across both construction and operational phases typically of 25-40 year concessions.

Amber Infrastructure Group ('Amber') is the Investment Adviser to INPP and has over 100 dedicated staff who manage, advise on and originate projects for INPP.

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

 

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