International Public Partnership Ld 2016 Second Half Year Dividend (9478A)
30 March 2017 - 5:02PM
UK Regulatory
TIDMINPP
RNS Number : 9478A
International Public Partnership Ld
30 March 2017
30 March 2017
2016 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 2016 - 31 December
2016
Distribution amount 3.325 pence
per share:
Ex-dividend date: 20 April 2017
Dividend record date: 21 April 2017
Last date to elect/revoke 23 May 2017
elections:
Payment date/Allotment 7 June 2017
of scrip:
Scrip Alternative Yes
in operation:
The 2016 second half year distribution of 3.325 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 4 May 2017 to
all eligible INPP shareholders on the register as at the record
date for the dividend being 21 April 2017. The scrip dividend
election forms will need to be completed and returned to Capita
Asset Services by 23 May 2017 by those investors who wish to
receive shares in lieu of cash.
2016 and 2017 Full Year Distributions
The Board of Directors is pleased to be able to provide
investors with additional guidance as to the Company's future
intentions. It has previously established a minimum target for the
2017 distribution of 6.65 pence per share and today announces a
7.00 pence per share minimum target for the 2018 distribution.. 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 +44 (0)20 7939
Erica Sibree 0558
+44 (0)20 3727
FTI Consulting 1046
Ed Berry +44 (0)20 3727
Mitch Barltrop 1039
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 over 120 social
and transport infrastructure projects, including schools,
hospitals, courts, police headquarters, transport, waste water and
utility and transmission projects in the U.K., 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 of typically 25-40 year
concessions.
Amber Infrastructure Group (Amber) is the Investment Advisor to
INPP and consists of over 90 dedicated staff who manage, advise on
and originate projects for INPP.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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