Replacement - Allotment of scrip dividend shares

RNS Number : 9860O

International Public Partnership Ld

18 October 2012

 



This announcement replaces RNS number 7828O released on 16 October 2012 at 9.22am. The earlier announcement recorded the 'Number of new shares to be issued' as 3,126,148 and thus the 'Total number of INPP shares in issue at 19 October 2012' as 711,552,518.

The company wishes to confirm that the 'Number of new shares to be issued' is 3,155,528 and thus the 'Total number of INPP shares in issue at 19 October 2012' will be 711,581,898.

All other information remains as previously announced.

18 October 2012

INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED

ALLOTMENT OF SCRIP DIVIDEND SHARES

The Board of International Public Partnerships Limited ('INPP' or the 'Company') wish to confirm the following in respect of the scrip dividend:

Dividend period:	1 January 2012 - 30 June 2012
Dividend amount per share:	3.00 pence
Scrip dividend price per share:	120.92 pence
Payment date/Allotment of scrip:	19 October 2012
Number of new shares to be issued:	3,155,528
Total number of INPP shares in issue at 19 October 2012:	711,581,898

In December 2011, the Board of Directors provided indicative guidance on the Company's target 2012/13 distribution which is a target of 6.0 pence per share. Assuming this target is achieved, this would represent a 2.6% increase on the 2011 distribution, and would be the fifth consecutive year the Company has increased distributions above the 2.5% growth forecast indicated at the time of the Company's IPO in 2006. The Board today reconfirms this guidance.  Assuming the target distribution is met, the remaining instalment of 3.0 pence per share is expected to be paid for the period 1 July 2012-31 December 2012 in May/June 2013.

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/Harry Stein                                           [phone]/7141
FTI Consulting

About International Public Partnerships (INPP):

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), private finance initiative (PFI), and similar procurement methods.

Listed in 2006, INPP is a long-term investor in 121 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters and transport 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 25-40 year concessions.

Amber Infrastructure Group (Amber) is the Investment Advisor to INPP and consists of more than 80 dedicated infrastructure specialists which originate and source a strong pipeline of projects for INPP.

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

Disclaimer

Nothing in this press release is intended as an offer to sell or a solicitation of an offer to buy any securities. An investment in International Public Partnerships Limited (the "Company") carries certain risks and past performance cannot be relied on as a guide to future performance.

 

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