Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks3i Infrastructure Regulatory News (3IN)

Share Price Information for 3i Infrastructure (3IN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 338.50
Bid: 337.50
Ask: 339.00
Change: 1.00 (0.30%)
Spread: 1.50 (0.444%)
Open: 337.50
High: 339.00
Low: 335.50
Prev. Close: 337.50
3IN Live PriceLast checked at -
3i Infrastructure is an Investment Trust

To build a diversified portfolio of equity investments in entities owning infrastructure businesses and assets by seeking investment opportunities globally, but with a focus on Europe, North America and Asia.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Interim Management Statement

11 Aug 2010 07:00

RNS Number : 8711Q
3i Infrastructure PLC
11 August 2010
 



 

11 August 2010

 

3i Infrastructure plc - Interim Management Statement

 

3i Infrastructure plc ("3i Infrastructure" or "the Company") is an investment company focusing on infrastructure investment opportunities globally. This Interim Management Statement is issued in accordance with FSA Disclosure and Transparency Rule 4.3. This statement relates to the period from 1 April 2010 to 10 August 2010.

 

 

Summary

 

·; Portfolio assets continue to perform well, generating good income

·; Current cash balances of £296 million

·; Attractive pipeline of investment opportunities

·; Florence Pierre appointed to the Board of Directors

 

Peter Sedgwick, Chairman of 3i Infrastructure, said: "The assets in the portfolio continue to perform well operationally and financially, generating good income and supporting the delivery of the Company's yield objective."

 

Cressida Hogg, Managing Partner for Infrastructure, 3i Investments plc, added: "We are confident about the market for infrastructure investment, and continue to build on our attractive pipeline of investment opportunities."

 

 

1. Portfolio and returns

 

3i Infrastructure's portfolio is performing well operationally and financially, and is positioned to deliver a robust yield. Dividends and interest received in the first quarter to 30 June 2010 resulted in a cash inflow of £15.2 million.

 

As usual, an important element of the determination of the results for the period to 30 September 2010 will be the valuation exercise carried out on the investment portfolio as at that date. 3i Infrastructure will issue a pre-close update in late September 2010 and will issue its results for the six months to 30 September 2010, including the net asset value as at 30 September 2010, in November 2010.

 

 

2. Balance sheet

 

Following the payment of the final dividend for the year to 31 March 2010 of £26.8 million, and in light of continued robust income generation from the portfolio during the period, at 10 August 2010 the Company had cash balances of £296 million.

 

3. Appointment of Florence Pierre to the Board

 

As announced separately this morning, Florence Pierre will be appointed as a non-executive Director of the Company with effect from 1 September 2010. Florence Pierre has significant experience in financial services, and will be a valuable addition to the Board.

 

 

Ends

 

 

 

 

For information please contact:

Peter Sedgwick

Chairman, 3i Infrastructure plc

+44 1534 711 444

Silvia Santoro

Investor enquiries

+44 20 7975 3258

Isabel Unsworth

Press enquiries

+44 20 7975 3190

 

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company that invests in infrastructure businesses and assets and is regulated by the Jersey Financial Services Commission. The Company listed on the London Stock Exchange in March 2007, raising £703 million in an initial public offering and a further £115 million in a subsequent placing and open offer in July 2008. The Company is a constituent of the FTSE 250 index. It aims to build a diversified portfolio of infrastructure investments across the globe, but with an initial focus on Europe, Asia and North America.

 

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Services Authority and acts as Investment Adviser to 3i Infrastructure plc.

 

This press release is not for distribution (directly or indirectly) in or to the United States, Canada, Australia or Japan and is not an offer of securities for sale in or into the United States, Canada, Australia or Japan. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or an exemption from registration under the Securities Act. Any public offering to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and will contain detailed information about 3i Group plc, 3i Infrastructure plc, the 3i India Infrastructure Fund and management, as applicable, as well as financial statements. No public offering in the United States is currently contemplated.

 

This statement aims to give an indication of material events and transactions that have taken place during the period from 1 April 2010 to 10 August 2010 and their impact on the financial position of 3i Infrastructure plc. These indications reflect the Board's current view. They are subject to a number of risks and uncertainties and could change. Factors which could cause or contribute to such differences include, but are not limited to, general economic and market conditions and specific factors affecting the financial prospects or performance of individual investments within the portfolio of 3i Infrastructure plc.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSQBLFFBVFEBBB
Date   Source Headline
31st Aug 20074:32 pmRNSTotal Voting Rights
24th Aug 20073:06 pmRNSResult of AGM
24th Aug 20073:05 pmRNSDoc re. AGM resolutions
22nd Aug 20074:38 pmRNSRelated Party Transaction
22nd Aug 20072:21 pmRNSRelated party transaction
17th Aug 20077:01 amRNSInterim Management Statement
3rd Aug 20077:00 amRNSOiltanking GmbH partnership
1st Aug 20072:06 pmRNSPortfolio Update
31st Jul 20074:52 pmRNSTotal Voting Rights
24th Jul 20074:25 pmRNSDocument for inspection
18th Jul 20074:30 pmRNSDirector/PDMR Shareholding
9th Jul 20074:27 pmRNSDirector Declaration
29th Jun 20074:48 pmRNSTotal Voting Rights
14th Jun 20075:22 pmRNSDirector/PDMR Shareholding
1st Jun 20074:04 pmRNSPortfolio Update
31st May 20071:59 pmRNSTotal Voting Rights
1st May 20074:35 pmRNSPortfolio Update
1st May 200710:55 amRNSTotal Voting Rights-Amendment
30th Apr 20075:02 pmRNSTotal Voting Rights
19th Apr 20073:23 pmRNSHolding(s) in Company
12th Apr 20072:33 pmRNSDevelopment in India
5th Apr 20072:10 pmRNSOVER-ALLOTMENT ARRANGEMENTS
2nd Apr 200710:38 amRNSPortfolio Update
2nd Apr 200710:33 amRNSPortfolio Update
30th Mar 20074:51 pmRNSTotal Voting Rights
29th Mar 20074:15 pmRNSDirectorate Change
16th Mar 20079:24 amRNSHolding(s) in Company
16th Mar 20079:23 amRNSHolding(s) in Company
8th Mar 20072:44 pmRNSOffer Document Posted
8th Mar 20077:03 amRNSResults of Global Offer
8th Mar 20077:03 amRNSStabilisation Notice

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.