International Public Partnerships Regulatory News (INPP)

22 Aug 2007 07:00

Babcock&Brown Public Ptnrships Ltd22 August 2007 22 August 2007 Interim Distribution Announcement and Notification of Results Briefing Babcock & Brown Public Partnerships Limited (LSE: BBPP) (the "Company") todayannounced details of its intention to declare an interim distribution coveringthe period from listing to 30 June 2007. Distribution period: Listing (9 November 2006) to 30 June 2007Distribution amount per share: 3.35 penceEx-distribution date: Wednesday 26 September 2007Record date: Friday 28 September 2007Payment date: Friday 26 October 2007 The cash distribution of 3.35 pence per share is in line with the targetdistribution yield set out in the Company's prospectus. Also note BBPP will be releasing its interim results on Tuesday 18 September2007. A teleconference will be held for analysts and investors. Further detailswill be circulated closer to this date. For further information, please contact: Babcock & Brown +44 (0)20 7203 7300Investors Bianca FrancisMedia Anthony Kennaway Notes to Editors About Babcock & Brown Public Partnerships Limited: Babcock & Brown Public Partnerships Limited (LSE: BBPP) is a limited liability,Guernsey incorporated, closed-ended investment company. The Company offersshareholders an exposure to investment in infrastructure assets, particularlythose with a public or social character such as those developed under publicbodies under private finance initiative or public private partnershipprocurements. The Company floated on the main market of the London Stock Exchange on 9thNovember 2006 and on 14 August 2007 had a market capitalisation of £323.3million. The portfolio now comprises 25 projects - 13 developed under the UK PFIPrivate Finance Initiative; 6 under the UK NHS Local Improvement Finance Trustprocurement, 4 Australian PPP projects, a Canadian P3 contract, and is preferredbidder on a German PPP project. There is diversification geographically as wellas across several PPP/PFI sectors, including roads and tunnels, railways,schools, courthouses, police and custodial facilities, government offices andhealth facilities. Babcock & Brown has been responsible for the development andmanagement of the majority of these assets and through Babcock & BrownInvestment Management Limited (BBIML) will continue to manage them for thebenefit of BBPP. In the future BBPP intends to capitalise on the development andinternationalisation of private finance initiative (PFI) and public privatepartnerships (PPP) procurement models for public infrastructure in otherdeveloped countries, which it is anticipated will provide further investmentopportunities for BBPP. This information is provided by RNS The company news service from the London Stock Exchange