Allotment of Scrip Dividend Shares

RNS Number : 7842N

International Public Partnership Ld

28 October 2016

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME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 2016

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 2016 - 30 June 2016
Dividend amount per share:	3.325 pence
Scrip dividend price per share:	152.72 pence
Payment date/Allotment of scrip:	3 November 2016
Number of new shares issued:	2,025,390
Total number of INPP shares in issue at 3 November 2016:	1,078,240,749

As a result of the issue of equity set out above, the Company's issued share capital consists of 1,078,240,749 Ordinary shares.

Application will be made for 2,025,390 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 3 November 2016.

2016 and 2017 Full Year Distributions

The Board of Directors has established a minimum target for 2016 and 2017 distributions of 6.65 pence per share and 6.82 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 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:

International Public Partnerships Limited Erica Sibree	[phone]
Numis Securities Hugh Jonathan/Nick Westlake	[phone]/1345
FTI Consulting Ed Berry/Mitch Barltrop	[phone]/7196

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 122 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport, renewable energy and waste water projects in the U.K., Europe, Australia and North America.  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.

 

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