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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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Issue of Equity and Block Listing

2 Sep 2010 14:11

RNS Number : 0683S
International Public Partnership Ld
02 September 2010
 



International Public Partnerships Limited

 

2 September 2010

 

 

Issue of Equity, Block Listing Application and Total Voting Rights

 

 

ISSUE OF EQUITY

 

International Public Partnerships Limited ("INPP" or "the Company") announces that it has issued for cash 6.5 million new ordinary shares of 0.01p each in the Company ("New Shares"). The issue price per share is 111.15 pence (ex-div).

 

The net proceeds will be used for general corporate purposes.

 

Application has been made for the New Shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange, which is expected on 6 September 2010.

 

BLOCK LISTING

 

As a result of the above issue, the Company has reduced the number of shares in respect of which it has made a block listing application to 34,241,816 Ordinary Shares of 0.01p each.

 

The Ordinary Shares may be issued for cash from time to time for the general corporate purposes of the Company. Any such issues will be made at a price above the net asset value per share as at the time of issue. New Ordinary Shares will be issued fully paid and will rank pari passu in all respects with the existing issued Ordinary Shares of the Company.

 

As at today's date, the Company may issue up to a further 34,241,816 Ordinary Shares without the need to produce a prospectus pursuant to the requirements of Prospectus Rule 1.2.3R(1).

 

TOTAL VOTING RIGHTS

 

As a result of the issue of equity set out above, the Company will have 468,918,171 issued ordinary shares admitted to trading on a regulated or prescribed market. Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of the Company. The Company does not hold any ordinary shares in treasury. The total voting rights figure may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure Rules and Transparency Rules.

 

For further information:

 

Bianca Francis +44 (0)20 7939 0558

Amber Fund Management Limited

 

Nick Westlake/Hugh Jonathan +44 (0)20 7260 1345/1263

Numis Securities Limited

 

Ed Gascoigne-Pees/Ed Berry +44 (0)20 7269 7132/7297

Financial Dynamics

 

Notes to Editors:

About International Public Partnerships (INPP):

 

International Public Partnerships (INPP) is a listed infrastructure investment company which invests in global public infrastructure projects developed under the public private partnerships (PPP) and private finance initiative (PFI) procurement methods.

 

Listed in 2006, INPP is a long-term investor in 53 social and transport infrastructure projects, including schools, hospitals, courts and police headquarters in the UK, Europe, Australia and Canada. INPP seeks to provide its shareholders with both a long-term government-backed yield and capital growth through investment across both construction and operational phases of 25-40 year concessions.

 

Amber Infrastructure Group (Amber) is the Investment Advisor to INPP and consists of 50 dedicated infrastructure specialists which originate and source a strong pipeline of projects for INPP.

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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