Sign In
Last checked at 
7 Sep 2017 07:05
7 September 2017
2017 First Half Year Dividend
The Board of International Public Partnerships Limited ("INPP"), the FTSE 250 listed infrastructure investment company, declares a distribution covering the period:
Distribution period: | 1 January 2017 - 30 June 2017 |
Distribution amount per share: | 3.41 pence |
Ex-dividend date: | 28 September 2017 |
Dividend record date: | 29 September 2017 |
Last date to elect/revoke elections: | 26 October 2017 |
Payment date/Allotment of scrip: | 9 November 2017 |
Scrip Alternative in operation: | Yes |
The 2017 first half year distribution of 3.41 pence per share is in line with the target previously outlined by the Directors and, as per previous periods, has been entirely funded through operating cash flow from the underlying projects.
The Board intend to offer a scrip dividend alternative for this distribution to those investors who wish to receive additional INPP securities in lieu of a cash payment. A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular, together with scrip dividend election forms, will be mailed on or about 9 October 2017 to all eligible INPP shareholders on the register as at the record date for the dividend being 29 September 2017. The scrip dividend election forms will need to be completed and returned to Capita Asset Services by 26 October 2017 by those investors who wish to receive shares in lieu of cash.
2017 and 2018 Full Year Distributions
The Board of Directors has established a minimum target for 2017 and 2018 distributions of 6.82 pence per share and 7.00 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.
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 127 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.
Follow the stocks
