SHARE BUYBACK
MANAGEMENT
19
February 2025
Management of share buyback
International Public Partnerships
Limited ('INPP', or the 'Company') notes that it is about to enter
a closed period ahead of the notification of its full-year results
for the year to 31 December 2024 (the 'FY24 Closed
Period').
The Company has previously appointed
Deutsche Numis to manage an irrevocable, non-discretionary share
buyback programme to continue the Company's buybacks of its
ordinary shares in the market (the 'Irrevocable') during closed
periods. The Irrevocable instructs Deutsche Numis to operate these
buybacks automatically during the FY24 Closed Period.
The Company's existing share buyback
programme of up to £60 million runs until the end of Q1 2025. At
the time of writing, c.£53 million of shares have been bought by
the Company. The Board acknowledges the importance of the share
buyback programme and currently expects to expand and extend the
programme should the Company's shares continue to trade at a
significant discount to NAV. Due to the ongoing discount at which
the Company's shares are trading, the Board will provide an update
on or prior to the upcoming Annual Results announcement on measures
to be implemented during the next year to help reduce the discount
and enhance shareholder value.
ENDS.
For further information:
Erica
Sibree
+44 (0) 7557 676
499
Amber Fund Management
Limited
Hugh
Jonathan
+44 (0)20 7260 1263
Numis Securities
Ed Berry/Mitch
Barltrop
+44 (0) 7703 330 199 / (0) 7807 296 032
FTI Consulting
About International Public Partnerships:
INPP is a listed infrastructure
investment company that invests in global public infrastructure
projects and businesses, which meet societal and environmental
needs, both now, and into the future.
INPP is a responsible, long-term
investor in over 140 infrastructure projects and businesses. The
portfolio consists of utility and transmission, transport,
education, health, justice and digital infrastructure projects and
businesses, in the UK, Europe, Australia, New Zealand and North
America. INPP seeks to provide its shareholders with both a
long-term yield and capital growth.
Amber is the Investment Adviser to
INPP and consists of approximately 180 staff who are responsible
for the management and origination of infrastructure
investments.
