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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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Allotment of Scrip Dividend Shares

3 Nov 2021 15:56

RNS Number : 2598R
International Public Partnerships
03 November 2021
 

 

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR TO US PERSONS. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE INCLUDING IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA.

 

INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED

('INPP' or the 'Company')

 

Allotment of scrip dividend shares

 

 3 November 2021

 

International Public Partnerships Limited, the listed infrastructure investment company ('the Company', 'INPP') wish to confirm the following in respect of the scrip dividend:

 

Dividend period:

 1 January 2021 - 30 June 2021

Dividend amount per share:

 3.78 pence

Scrip dividend price:

 166.64 pence per share

Payment date/Allotment of scrip:

 17 November 2021

Number of new shares issued:

 729,570

Total number of INPP shares in issue at 17 November 2021:

 1,706,103,581

 

As a result of the issue of equity set out above, the Company's issued share capital consists of 1,706,103,581 Ordinary shares. Application will be made for 729,570 new Ordinary shares of 0.01p to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the new shares will commence at 8.00 am on 17 November 2021.

 

2021 and 2022 Full Year Distributions

 

The Board of Directors reaffirms that it has established a target for 2021 of 7.55 pence per share and a 2022 target distribution of 7.74 pence per share, providing additional guidance to investors as to the Company's future intentions and the overall continued performance of its portfolio. The targeted payments would represent a 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. Whilst we currently have good forward-visibility of cash flows generated by the Company's investments given their predictability, we continue to monitor the current Covid-19 related uncertainty.

 

Note: The above distribution guidance is provided by the Company in consultation with its Investment Adviser 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. The Board will continue to review whether scrip dividends are appropriate for future dividends. Any such changes will be notified to shareholders through a regulatory information service.

 

 

 

For further information:

 

Erica Sibree/Amy Edwards +44 (0)20 7939 0558/0587

Amber Fund Management Limited

 

Hugh Jonathan +44 (0)20 7260 1263

Numis Securities

 

Ed Berry/Mitch Barltrop +44 (0) 20 3727 1046/1039FTI Consulting

 

About International Public Partnerships (INPP):

 

INPP is a listed infrastructure investment company that invests in global public infrastructure projects and businesses, which meets societal and environmental needs, both now, and into the future.

 

INPP is a responsible, long-term investor in over 130 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 and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth.

 

Amber Infrastructure Group ('Amber') is the Investment Adviser to INPP and consists of over 150 staff who are responsible for the management of, advice on and origination of infrastructure investments.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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