International Public Partnership Ld 2016 First Half Year Dividend (6201I)
September 01 2016 - 2:00AM
UK Regulatory
TIDMINPP
RNS Number : 6201I
International Public Partnership Ld
01 September 2016
1 September 2016
2016 First Half Year Dividend
The Board of International Public Partnerships Limited ('INPP'),
the FTSE 250 listed infrastructure investment company, declares a
distribution covering the period:
Distribution period: 1 January 2016 - 30
June 2016
Distribution amount 3.325 pence
per share:
Ex-dividend date: 22 September 2016
Dividend record date: 23 September 2016
Last date to elect/revoke 20 October 2016
elections:
Payment date/Allotment 3 November 2016
of scrip:
Scrip Alternative Yes
in operation:
The 2016 first half year distribution of 3.325 pence per share
is in line with the target previously outlined by the Directors
and, as per previous periods, has been entirely funded through
operating cash flow from the underlying projects.
The Board intend to offer a scrip dividend alternative for this
distribution to those investors who wish to receive additional INPP
securities in lieu of a cash payment. A circular will be sent to
shareholders explaining the terms of the scrip dividend
alternative. It is intended that the circular, together with scrip
dividend election forms, will be mailed on or about 3 October 2016
to all eligible INPP shareholders on the register as at the record
date for the dividend being 23 September 2016. The scrip dividend
election forms will need to be completed and returned to Capita
Asset Services by 20 October 2016 by those investors who wish to
receive shares in lieu of cash.
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.
Enquiries:
International Public Partnerships
Limited +44 (0)20 7939
Erica Sibree 0558
+44 (0)20 3727
FTI Consulting 1046
Ed Berry +44 (0)20 3727
Mitch Barltrop 1039
About International Public Partnerships:
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, utility and transmission
projects in the U.K., 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 Advisor
to INPP and consists around 90 dedicated staff who manage, advise
on and originate projects 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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