International Public Partnerships Regulatory News (INPP)

9 Nov 2006 07:00

Babcock&Brown Public Ptnrships Ltd09 November 2006 9 November 2006 Not for publication, release or distribution in whole or in part in Australia, Canada, Japan or the United States Babcock & Brown Public Partnerships Limited Admission to Official List and Commencement of Unconditional Dealings on the Main Market of the London Stock Exchange The Board of Babcock & Brown Public Partnerships Limited (BBPP), the globalpublic infrastructure fund, is pleased to announce that its ordinary shares havebeen admitted to the Official List of the UK Listing Authority and to trading onthe London Stock Exchange's main market for listed securities. Unconditionaldealings in BBPP's ordinary shares will commence at 8.00am today. The Company'sshares will trade under the ticker symbol BBPP.L. The Company successfully completed an oversubscribed Placing and Offer forSubscription for 300 million ordinary shares. BBPP's investment adviser is Babcock & Brown Investment Management Limited(BBIML), which has extensive infrastructure origination and investmentmanagement skills. BBPP will target a growing yield (initially 5.25 per cent per annum on the IssuePrice of 100 pence in its first full financial year) and offers investors theprospect of capital growth (targeting an IRR on the Issue Price of 8 to 9 percent per annum over the longer term) UBS Investment Bank acted as sponsor and sole placing agent for the Issue. For further information, please contact: Babcock & Brown Anthony Kennaway +44 (0)20 7203 7232UBS Limited Steven Wirth +44 (0)20 7567 8000Financial Dynamics Giles Sanderson +44 (0)20 7831 3113 Jon Simmons This announcement does not constitute an offer to sell or issue or thesolicitation of an offer to buy or to acquire securities of the Company or aninducement to enter into investment activity. UBS acted as sponsor and soleplacing agent for the Issue. UBS acted exclusively for the Company and no-oneelse in connection with the Placing and the Offer. UBS will not be responsibleto anyone other than the BBPP for providing the protections afforded to theirrespective clients nor for providing advice in relation to the acquisition orthe Placing or the Offer or any other matter referred to in this announcement. This information is provided by RNS The company news service from the London Stock Exchange