International Public Partnership Ld Allotment of Scrip Dividend Shares (8620G)
01 June 2017 - 8:10PM
UK Regulatory
TIDMINPP
RNS Number : 8620G
International Public Partnership Ld
01 June 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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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.
INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED
("INPP" or the "Company")
ALLOTMENT OF SCRIP DIVIDEND SHARES
1 June 2017
The Board of International Public Partnerships Limited wish to
confirm the following in respect of the scrip dividend:
Dividend period: 1 July 2016 - 31
December 2016
------------------------------ -----------------
Dividend amount per share: 3.325 pence
------------------------------ -----------------
Scrip dividend price per 154.16 pence
share:
------------------------------ -----------------
Payment date/Allotment of 7 June 2017
scrip:
------------------------------ -----------------
Number of new shares issued: 2,372,322
------------------------------ -----------------
Total number of INPP shares
in issue at 7 June 2017: 1,349,793,398
------------------------------ -----------------
As a result of the issue of equity set out above, the Company's
issued share capital consists of 1,349,793,398 Ordinary shares.
Application will be made for 2,372,322 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 7 June 2017.
2017 and 2018 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 6.82 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.
For further information:
Erica Sibree
Amber Fund Management
Limited +44 (0)20 7939 0558
Nick Westlake/Hugh Jonathan +44 (0)20 7260 1345
Numis Securities / 1263
Ed Berry/Mitch Barltrop +44 (0)20 3727 1046
FTI Consulting / 1039
About International Public Partnerships (INPP):
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 consists over 100 dedicated staff who manage, advise on
and originate investments 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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