REG - International PPL - 2024 Second Half-Year Dividend

International Public PartnershipsAnnouncement

27/03/2025 07:15

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RNS Number : 3861C  International Public Partnerships  27 March 2025

LEI: 2138002AJT55TI5M4W30

27 March 2025

2024 Second Half-Year Dividend

 

The Board of International Public Partnerships Limited ('INPP', 'the
Company'), the FTSE 250 listed infrastructure investment company, declares the
following distribution:

 

 Distribution paid in respect of the period:  1 July 2024 - 31 December 2024
 Distribution amount per share:               4.19 pence
 Ex-dividend date:                            24 April 2025
 Dividend record date:                        25 April 2025
 Payment date:                                9 June 2025
 Scrip Alternative in operation:              No. Please see further information below.

 

Acknowledging the higher levels of inflation, the Company increased its 2024
dividend to 8.37 pence per share, representing a 3% increase compared to the
2023 dividend.

 

2025 and 2026 Full Year Distribution Targets

From 2025 onwards, the Board is forecasting to continue its long-term
projected annual dividend growth rate of c.2.5% such that the 2025 and 2026
annual dividend targets are 8.58 pence per share and 8.79 pence per share
respectively. The target dividend growth rates are determined by taking into
account the Company's ambitions to sustainably grow dividends over the long
term whilst providing full dividend cash coverage.

 

As announced on 5 September 2024, this will be the final dividend paid on a
six-monthly basis. Following this, dividends will be paid quarterly,
commencing with the first of four interim dividends for the financial year
2025 in September 2025.

 

Note: The above distribution guidance is provided by the Company in
consultation with its Investment Adviser 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. The
Board will continue to review whether scrip dividends are appropriate for
future dividends. Any such changes will be notified to shareholders through a
regulatory information service.

 

Scrip Dividend Alternative

As at 26 March 2025, the Company's shares were trading at 108.6 pence per
share, which is lower than the last published Net Asset Value ('NAV') of 144.7
pence per share as at 31 December 2024. Accordingly, the Board does not
consider it to be in the best interests of shareholders to offer a scrip
dividend alternative on this occasion. All shareholders entitled to receive a
dividend of 4.19 pence per share on the record date (25 April 2025) will
receive their dividend in cash.

 

 

For further information:

 

 Erica Sibree                        +44 (0) 7557 676 499

 Amber Fund Management Limited

 

About International Public Partnerships ('INPP'):

INPP is a listed infrastructure investment company that invests in global
public infrastructure projects and businesses, which meets societal and
environmental needs, both now, and into the future.

 

INPP is a responsible, long-term investor in over 140 infrastructure projects
and businesses. The portfolio consists of utility and transmission, transport,
education, health, justice and digital infrastructure projects and businesses,
in the UK, Europe, Australia, New Zealand and North America. INPP seeks to
provide its shareholders with both a long-term yield and capital growth.

 

Amber Infrastructure Group ('Amber') is the Investment Adviser to INPP and
consists of over 180 staff who are responsible for the management of, advice
on and origination of infrastructure investments.

 

Visit the INPP website at www.internationalpublicpartnerships.com
(http://www.internationalpublicpartnerships.com) for more information.

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