REG - International PPL - Share Buyback Management

International Public PartnershipsAnnouncement

19/02/2025 07:15

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RNS Number : 5977X  International Public Partnerships  19 February 2025

SHARE BUYBACK MANAGEMENT

 

19 February 2025

 

 

Management of share buyback

 

International Public Partnerships Limited ('INPP', or the 'Company') notes
that it is about to enter a closed period ahead of the notification of its
full-year results for the year to 31 December 2024 (the 'FY24 Closed Period').

 

The Company has previously appointed Deutsche Numis to manage an irrevocable,
non-discretionary share buyback programme to continue the Company's buybacks
of its ordinary shares in the market (the 'Irrevocable') during closed
periods. The Irrevocable instructs Deutsche Numis to operate these buybacks
automatically during the FY24 Closed Period.

 

The Company's existing share buyback programme of up to £60 million runs
until the end of Q1 2025. At the time of writing, c.£53 million of shares
have been bought by the Company. The Board acknowledges the importance of the
share buyback programme and currently expects to expand and extend the
programme should the Company's shares continue to trade at a significant
discount to NAV. Due to the ongoing discount at which the Company's shares are
trading, the Board will provide an update on or prior to the upcoming Annual
Results announcement on measures to be implemented during the next year to
help reduce the discount and enhance shareholder value.

 

ENDS.

 

 

For further information:

 

Erica Sibree
                        +44 (0) 7557 676
499

Amber Fund Management
Limited

 

Hugh
Jonathan
                                +44 (0)20 7260
1263

Numis Securities

 

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

FTI Consulting

 

About International Public Partnerships:

 

INPP is a listed infrastructure investment company that invests in global
public infrastructure projects and businesses, which meet 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 is the Investment Adviser to INPP and consists of approximately 180
staff who are responsible for the management and origination of infrastructure
investments.

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