Net Asset Value and Capital R

RNS Number : 9283D

International Public Partnership Ld

10 December 2009

 



10 December 2009

International Public Partnerships Estimated NAV and Capital Raising 

International Public Partnerships ("INPP" or the "Company") is pleased to provide an updated Net Asset Value (NAV). The last NAV per Existing Ordinary Share published by the Company was as at 30 June 2009 and was 111.8 pence. The next NAV per Existing Ordinary Share due to be published by the Company will be as at 31 December 2009, and is expected to be published in April 2010. In advance of this, the Directors, based on the advice of the Investment Adviser, estimate that as at 30 November 2009 the Estimated Net Asset Value is not less than 112.0 pence per Existing Ordinary Share. 

Further to the announcement of 24 November 2009, where the Company advised of its intention to raise new equity capital by way of a placing, open offer and offer for subscription, it is the Company's intention to raise further funds at an issue price of 113.75 pence.

A further update announcement will be made next week relating to the equity raise. 

For further information:

Bianca Francis                            

Amber Fund Management Limited                

[phone]
[e-mail]

Nick Westlake

Numis Securities Limited    

[phone]

[e-mail]

 

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