Non Mainstream Pooled Investments

RNS Number : 6004W

International Public Partnership Ld

31 December 2013

 



International Public Partnerships Limited

("INPP" or the "Company")

Non Mainstream Pooled Investments

31 December 2013

The Board of International Public Partnerships ("INPP" or the "Company") notes the proposed changes to the FCA rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which will come into effect on 1 January 2014.  The Board believes that the Company and its shareholders will not be affected by these changes.

Having taken legal advice, this confirms that the Company's shares will qualify as an 'excluded security' under these new rules and will therefore be excluded from the FCA's restrictions which apply to non-mainstream investment products.  As such, the Company's shares can continue to be recommended by independent financial advisers (IFAs) to ordinary retail investors in accordance with the FCA's rules.

The Company is advised that its shares are excluded from the FCA's restrictions which apply to non-mainstream investment products principally because the company has conducted its affairs in such a manner that it would have qualified for approval by HMRC as an investment trust had it been resident in the UK in its previous accounting periods. The Company intends to conduct its affairs so that this remains the case for the foreseeable future.

For further information:

Erica Sibree                                                                  [phone]

Amber Fund Management Limited                                              

Nick Westlake/Hugh Jonathan                                        [phone]/1263

Numis Securities

Ed Berry/Jack Hickey                                                     [phone]/7196
FTI Consulting

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 122 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport and utility and transmission projects in the U.K., Europe, Australia and Canada. INPP seeks to provide its shareholders with both a long-term yield and capital growth through investment across both construction and operational phases of 25-40 year concessions.

Amber Infrastructure Group (Amber) is the Investment Advisor to INPP and consists of approximately 70 dedicated staff who manage, advise on and originate projects for INPP.

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

 

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