International Public Partnership Ld Allotment of Scrip Dividend Shares (8620G)

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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME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                       [phone] 
 Nick Westlake/Hugh Jonathan    [phone] 
  Numis Securities               / 1263 
 Ed Berry/Mitch Barltrop        [phone] 
  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

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June 01, 2017 06:10 ET (10:10 GMT)