Incremental Acquisition/Issue of Construction Cert

RNS Number : 6698T

HICL Infrastructure Company Ld

17 December 2012

 



17 December 2012

HICL Infrastructure Company Limited

Incremental Acquisition and Issue of Construction Completion Certificate

HICL Infrastructure Company Limited (the "Company", and together with its subsidiaries the "Group"), the listed infrastructure investment company, is pleased to announce the acquisition of the remaining 10.1% equity interest in the Sussex Police Authority Custody Centre PFI Project (the "Project") from Reliance Sussex PFI Limited, taking its total equity and loan note interest in the Project to 100%.

The Project is a 30 year concession ending in November 2032 covering four new custody centres in Sussex for the Sussex Police Authority.  The total consideration for the acquisition paid by the Group was £0.53m and was funded from the Group's existing cash resources.

The Company is also pleased to confirm that the formal Completion of the Works certificate has been issued on the M80 Motorway DBFO Project.  As a result, all the Group's investments are now fully operational.

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Enquiries

InfraRed Capital Partners Limited      [phone]

Tony Roper

Keith Pickard

Robin Hubbard

Tulchan Communications                   [phone]

Ed Orlebar

Rebecca Scott

Canaccord Genuity Limited                 [phone]

Dominic Waters

Neil Brierley

Will Barnett

David Yovichic

HICL Infrastructure Company Limited

The Company is a long term investor in infrastructure projects which are predominantly in their operating phase and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange. It currently owns a portfolio of 78 social infrastructure investments and is seeking further suitable investment opportunities which fit its stated Investment Strategy.

Further details of the Company can be found on its website www.hicl.com.

Investment Adviser

The Investment Adviser to the Company is InfraRed Capital Partners Limited, whose infrastructure investment team has successfully invested in infrastructure projects since 1997.

InfraRed Capital Partners Limited is authorised and regulated by the Financial Services Authority.

 

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