International Public Partnerships Issue of Equity (0871W)
06 Diciembre 2019 - 7:18AM
UK Regulatory
TIDMINPP
RNS Number : 0871W
International Public Partnerships
06 December 2019
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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 U.S.PERSONS. THE INFORMATION CONTAINED HEREIN DOES NOT
CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION.
6 December 2019
Issue of Equity
Further to the announcement of 5 December 2019, the Board of
Directors (the "Board") of International Public Partnerships
Limited (the "Company" or "INPP") is pleased to announce the
placing has closed, raising GBP75.6 million before costs and
expenses through the issue of 48,598,631 ordinary shares of 0.01p
in the capital of the Company (the "New Ordinary Shares") by way of
tap issuance.
The proceeds will be used to pay down the cash drawn portion of
the Company's corporate debt facility which has been used to
finance the Company's recent investments. This will also put the
Company in what it believes to be a strong position to pursue the
strong pipeline of investment opportunities currently under
consideration.
Michael Gerrard, Chairman of INPP, said:
"The support from new and existing shareholders is a testament
to the quality and diversification of the Company's investment
pipeline and the strength of our existing portfolio, which underpin
the generation of robust, long-term inflation-linked returns. The
proceeds from this capital raising will be used to repay our
corporate debt facility and so help us prepare for new investment
opportunities in 2020."
Application for listing and admission to trading
Application has been made for the New Ordinary Shares 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 Ordinary Shares will commence at 8.00 a.m.
on 10 December 2019.
For further information:
Erica Sibree
Amber Fund Management Limited +44 (0)20 7939 0558
Hugh Jonathan
Numis Securities +44 (0)20 7260 1263
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.
END
IOECKADDNBDDABK
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