TIDMINPP
RNS Number : 4494H
International Public Partnership Ld
07 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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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 INCLUDING IN THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA.
INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED
("INPP" or the "Company")
RESULT OF ANNUAL GENERAL MEETING ("AGM")
7 June 2017
International Public Partnerships Limited ("INPP" or the
"Company") is pleased to announce that, at the AGM held at 10.00 am
this morning, each of the Resolutions were duly passed without
amendment.
The proxy votes received by the Company prior to the AGM were as
follows:
Resolution Votes For Votes Against Votes Withheld*
(including discretionary)
-------------- ----------------------------- ------------------- ----------------
1 Ordinary 523,269,611 100.00% 0 0% 0
--- --------- ----------------- ---------- ----------- ------ ----------------
2 Ordinary 523,225,801 99.99% 26,677 0.01% 17,133
--- --------- ----------------- ---------- ----------- ------ ----------------
3 Ordinary 514,692,946 98.36% 8,570,843 1.64% 5,822
--- --------- ----------------- ---------- ----------- ------ ----------------
4 Ordinary 482,501,310 92.33% 40,072,611 7.67% 695,690
--- --------- ----------------- ---------- ----------- ------ ----------------
5 Ordinary 523,253,861 99.99% 10,232 0.01% 9,518
--- --------- ----------------- ---------- ----------- ------ ----------------
6 Ordinary 517,306,549 98.87% 5,899,916 1.13% 63,146
--- --------- ----------------- ---------- ----------- ------ ----------------
7 Ordinary 523,253,170 99.99% 6,923 0.01% 9,518
--- --------- ----------------- ---------- ----------- ------ ----------------
8 Ordinary 520,163,969 99.42% 3,042,496 0.58% 63,146
--- --------- ----------------- ---------- ----------- ------ ----------------
9 Ordinary 489,748,318 93.60% 33,511,775 6.40% 9,518
--- --------- ----------------- ---------- ----------- ------ ----------------
10 Ordinary 523,262,911 100.00% 0 0% 6,700
--- --------- ----------------- ---------- ----------- ------ ----------------
11 Ordinary 494,008,010 99.99% 5,470 0.01% 29,256,131
--- --------- ----------------- ---------- ----------- ------ ----------------
12 Ordinary 523,267,748 99.99% 474 0.01% 1,389
--- --------- ----------------- ---------- ----------- ------ ----------------
13 Ordinary 523,266,843 99.99% 2,077 0.01% 691
--- --------- ----------------- ---------- ----------- ------ ----------------
14 Special 523,260,957 99.99% 8,654 0.01% 0
--- --------- ----------------- ---------- ----------- ------ ----------------
15 Special 523,257,122 99.99% 12,489 0.01% 0
--- --------- ----------------- ---------- ----------- ------ ----------------
*A vote withheld is not a vote in law and is therefore not
counted towards the proportion of votes "for" or "against" the
Resolution.
In accordance with LR 9.6.18, details of those resolutions
passed at the AGM that were not in the ordinary course of business
are detailed below.
Resolution 3 - Ordinary Resolution
To increase the aggregate remuneration of the Directors to a
maximum of GBP500,000 per annum, in accordance with Article 79(1)
of the Company's articles of incorporation.
Resolution 13 - Ordinary Resolution
THAT, in accordance with Article 108 of the articles of
incorporation, the Board may, in respect of dividends declared for
any financial period or periods of the Company ending prior to the
annual general meeting of the Company to be held in 2018, offer the
holders of the ordinary shares in the capital of the Company of par
value 0.01 penny each (the "Ordinary Shares") the right to elect to
receive further Ordinary Shares, credited as fully paid, in respect
of all or any part of such dividend or dividends declared in
respect of any such period or periods.
Resolution 14 - Special Resolution
To approve that the Company generally be and is hereby
authorised for the purposes of section 315 of the Companies
(Guernsey) Law, 2008 as amended (the "Law") to make market
acquisitions (as defined in the Law) of ordinary shares in the
capital of the Company of par value 0.01 penny each (the "Ordinary
Shares") provided that:
a. the maximum number of Ordinary Shares authorised to be
purchased shall be 14.99 per cent. of the Ordinary Shares in issue
immediately following this annual general meeting (excluding
treasury shares);
b. the minimum price (exclusive of expenses) which may be paid
for such shares is GBP0.01 per Ordinary Share;
c. the maximum price (exclusive of expenses) payable by the
Company which may be paid for Ordinary Shares shall be the higher
of (i) 5 per cent. above the average market value for the five
business days before the purchase is made and (ii) the higher of
the price of the last independent trade and the highest independent
bid at the time of the purchase for any number of Ordinary Shares
on the trading venue where the purchase price is carried out;
d. the authority hereby conferred shall (unless previously
renewed or revoked) expire at the end of the annual general meeting
of the Company to be held in 2018 or, if earlier, the date falling
eighteen months from the passing of these resolutions;
e. the Company may make a contract to purchase its own Ordinary
Shares under the authority hereby conferred prior to the expiry of
such authority which will or may be executed wholly or partly after
the expiry of such authority, and may make a purchase of its own
Ordinary Shares in pursuance of any such contract; and
f. any Ordinary Share acquired by the Company pursuant to the
above authority may, subject to the requirements of the Law, be
held as a treasury share in accordance with the Law or be cancelled
by the Company.
Resolution 15 - Special Resolution
THAT the Directors of the Company from time to time (the
"Board") be and are hereby generally empowered in accordance with
Article 40(4) of the articles of incorporation (in substitution for
the existing power and authority granted at the Company's annual
general meeting held in 2016, but without prejudice to any other
authority to allot Ordinary Shares that may be granted by
Shareholders at the Extraordinary General Meeting convened for 5
May 2017 or any adjournment thereof) to allot up to the aggregate
number of Ordinary Shares as represent 9.99 per cent. of the number
of Ordinary Shares already admitted to trading on the London Stock
Exchange's main market for listed securities immediately following
the passing of this resolution as if the pre-emption provisions
contained in Article 40(1) of the articles of incorporation did not
apply to any such allotment, provided that this power shall (unless
previously revoked, varied or renewed by the Company) expire on the
conclusion of the annual general meeting of the Company to be held
in 2018, save that the Company may make prior to such expiry any
offer or agreement which would or might require shares to be
allotted after expiry of such period and the Board may allot
Ordinary Shares pursuant to such an offer or agreement
notwithstanding the expiry of the authority given by this
resolution.
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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