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Pin to quick picksInternational Public Partnerships Regulatory News (INPP)

Share Price Information for International Public Partnerships (INPP)

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International Public Partnerships is an Investment Trust

To provide shareholders with long-term, inflation-linked returns, by growing dividends and creating the potential for capital appreciation through high-quality public infrastructure projects internationally or located within core OECD countries.

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2017 2nd Half Year Dividend -Scrip Election Option

18 Apr 2018 12:45

RNS Number : 3453L
International Public Partnership Ld
18 April 2018
 

18 April 2018

 

2017 Second Half Year Dividend - Scrip Election Option

 

Further to its announcement on 21 March 2018, the Board of International Public Partnerships Limited ("INPP"), the FTSE 250 listed infrastructure investment company, advises that qualifying shareholders will only be given the option to receive the forthcoming dividend as a cash payment.

 

As at 17 April 2018, the Company's shares were trading at 141.0 pence per share, somewhat lower than the last published Net Asset Value ('NAV'), 145.0 pence per share at 31 December 2017. The Board therefore consider that it is not in the best interests of shareholders to offer a scrip dividend alternative on this occasion. All shareholders entitled to receive a dividend of 3.41 pence per share on the record date (27 April 2018) will receive their dividend in cash.

 

2018 and 2019 Full Year Distributions

 

The Board of Directors reaffirms that it has established a minimum target for 2018 and 2019 distributions of 7.00 and 7.18 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. The Board will continued to review whether scrip dividends are appropriate for each of these forthcoming dividends.

 

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

Erica Sibree

 

 

+44 (0)20 7939 0558

FTI Consulting

Ed Berry

Mitch Barltrop

 

 

+44 (0)20 3727 1046

+44 (0)20 3727 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 129 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport and utility and transmission projects in the UK, 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 Adviser to INPP and has over 100 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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DIVFMGMDMRVGRZM
Date   Source Headline
15th Oct 20197:00 amRNSINPP Investor Day 2019
3rd Oct 20197:00 amRNSScrip Dividend Circular
2nd Oct 201912:00 pmRNSDirector/PDMR Shareholding
2nd Oct 201912:00 pmRNSDirector/PDMR Shareholding
2nd Oct 201912:00 pmRNSDirector/PDMR Shareholding
30th Sep 20197:00 amRNSCompletion of OFTO Refinancing and Restructure
27th Sep 20197:00 amRNSIssue of Equity
23rd Sep 20193:36 pmRNSHolding(s) in Company
17th Sep 201912:00 pmRNSNotification of Investor Briefing
16th Sep 20197:00 amRNSProposed Issue of Equity
6th Sep 20197:00 amRNS2019 First Half Year Dividend
6th Sep 20197:00 amRNSHalf Year Results - Six Months Ended 30 June 2019
30th Aug 20199:28 amRNSConsortium Awarded Preferred Bidder - OFTO Project
6th Aug 20197:00 amRNSNotice of Interim Results
4th Jul 20197:00 amRNSINPP Reaches Financial Close on BeNEX Acquisition
1st Jul 20197:00 amRNSTotal Voting Rights
28th Jun 201912:07 pmRNSINPP Completes Deferred Acquisition in Cadent
13th Jun 20193:13 pmRNSDirector/PDMR Shareholding
13th Jun 20199:21 amRNSDirector/PDMR Shareholding
4th Jun 20197:00 amRNSPortfolio Update: 1 January to 31 May 2019
3rd Jun 20194:49 pmRNSAllotment of Scrip Dividend Shares
29th May 20193:30 pmRNSResult of Annual General Meeting
3rd May 20197:01 amRNSScrip Dividend Circular
3rd May 20197:00 amRNSNotice of AGM
30th Apr 201912:22 pmRNSMidlands Priority Schools Project Investment
29th Apr 20193:00 pmRNSChange of Registered Office
11th Apr 20193:30 pmRNSDirector/PDMR Shareholding
4th Apr 20198:22 amRNSTideway Reports on Year of Progress
2nd Apr 20193:21 pmRNSDirector/PDMR Shareholding
2nd Apr 20197:00 amRNSAdditional Investment in BeNEX Rail Company
28th Mar 20197:01 amRNS2018 Second Half Year Dividend
28th Mar 20197:00 amRNSFull Year Results for the 12 Months to 31 Dec 2018
25th Mar 20197:00 amRNSFurther Investment in Digital Infrastructure
19th Feb 20197:00 amRNSNotice of Results
2nd Jan 20197:00 amRNSAppointment of Michael Gerrard as Chairman
3rd Dec 20187:00 amRNSTotal Voting Rights
30th Nov 20187:00 amRNSChanges to Director Roles and Responsibilities
19th Nov 20187:00 amRNSPortfolio Update For Period 1 July to 16 Nov 2018
13th Nov 20185:34 pmRNSHolding(s) in Company
12th Nov 20184:00 pmRNSDirector/PDMR Shareholding
12th Nov 20184:00 pmRNSDirector/PDMR Shareholding
12th Nov 201812:15 pmRNSSuccessful Refinancing of Durham Schools Portfolio
7th Nov 20182:49 pmRNSFinancial Close on Dudgeon OFTO Project
1st Nov 20187:00 amRNSTotal Voting Rights
30th Oct 20183:30 pmRNSDirector/PDMR Shareholding
30th Oct 20183:30 pmRNSDirector/PDMR Shareholding
26th Oct 20187:00 amRNSFurther Investment in Digital Infrastructure
24th Oct 20184:09 pmRNSAllotment of Scrip Dividend Shares
24th Oct 20184:04 pmRNSIssue of Equity
10th Oct 20187:00 amRNSProposed Issue of Equity

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