REG - International PPL - Allotment of Scrip Dividend Shares

International Public PartnershipsAnnouncement

20/05/2022 16:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220520:nRST3247Ma&default-theme=true

RNS Number : 3247M  International Public Partnerships  20 May 2022

 

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION,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 INCLUDING IN THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA.

 

INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED

('INPP' or the 'Company')

 

Allotment of scrip dividend shares

 

20 May 2022

 

International Public Partnerships Limited, the listed infrastructure
investment company ('the Company', 'INPP') wishes to confirm the following in
respect of the scrip dividend:

 

 Dividend period:                                      1 July 2021 - 31 December 2021
 Dividend amount per share:                            3.77 pence
 Scrip dividend price:                                 165 pence per share
 Payment date/Allotment of scrip:                      7 June 2022
 Number of new shares issued:                          1,377,796
 Total number of INPP shares in issue at 7 June 2022:  1,911,243,132

 

As a result of the issue of equity set out above, the Company's issued share
capital consists of 1,911,243,132 Ordinary shares. Application will be made
for 1,377,796 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 7 June 2022.

 

2022 and 2023 Full Year Distributions

 

The Board of Directors reaffirms that it has established a target for 2022 and
2023 distributions of 7.74 and 7.93 pence per share, respectively, providing
additional guidance to investors as to the Company's future intentions and the
overall continued performance of its portfolio. The targeted payments would
represent a 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 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.

 

 

 

Enquiries:

 

 Erica Sibree/Amy Edwards        +44 (0) 7557 676 499/+44 (0) 7827 238 355

 Amber Fund Management Limited

 Hugh Jonathan                   +44 (0)20 7260 1263

 Numis Securities

 Ed Berry/Mitch Barltrop         +44 (0) 7703 330 199/ +44 (0) 7807 296 032

 FTI Consulting

 

 

 

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 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 150 staff who are responsible for the management of, advice
on and origination of infrastructure investments

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEUROVRUOUVUAR