International Public Partnership Ld Share Issue (6896D)

TIDMINPP

RNS Number : 6896D

International Public Partnership Ld

28 October 2015

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME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.

28 October 2015

INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED

("INPP" or the "Company")

ALLOTMENT OF SCRIP DIVIDEND SHARES

The Board of International Public Partnerships Limited wish to confirm the following in respect of the scrip dividend:

 
     Dividend period:                            1 January 2015 - 31 June 
                                                  2015 
==========================================  ============================= 
     Dividend amount per share:                  3.225 pence 
==========================================  ============================= 
     Scrip dividend price per share:             130.88 pence 
==========================================  ============================= 
     Payment date/Allotment of scrip:            30 October 2015 
==========================================  ============================= 
     Number of new shares issued:                2,055,252 
==========================================  ============================= 
     Total number of INPP shares in issue 
      at 30 October 2015:                        853,491,180 
==========================================  ============================= 
 

As a result of the issue of equity set out above, the Company's issued share capital consists of 853,491,180 Ordinary shares.

Application will be made for 2,055,252 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 30 October 2015.

2015 and 2016 Full Year Distributions

The Board of Directors has established a minimum target for 2015 and 2016 distributions of 6.45 pence per share and 6.65 pence per share (respectively), providing additional guidance to investors as to the Company's future intentions. 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 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/Mitch Barltrop                                                   [phone]/1039 

FTI Consulting

Notes to Editors:

About International Public Partnerships:

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) and private finance initiative (PFI) procurement methods.

Listed in 2006, INPP is a long-term investor in 119 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport and renewable energy 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 typically 20-40 year concessions.

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

About Amber Infrastructure Group:

Amber Infrastructure Group (Amber) is a leading international infrastructure specialist, providing asset management and investment advisory services in respect of over GBP5 billion of assets in the UK, Europe, Australia and North America. Amber's core business focuses on sourcing, developing, advising on, investing in and managing infrastructure assets within the utilities, PPP, transport, renewable energy and regeneration sectors.

Amber provides investment advisory services to International Public Partnerships Limited as well as private investment funds, specialising in urban regeneration. Amber is headquartered in London with offices in Munich, Sydney, Melbourne and San Francisco and employs over 80 people, making it one of the largest international infrastructure specialists.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 28, 2015 05:35 ET (09:35 GMT)