International Public Partnerships 2022 First Half Year Dividend (6537Y)
08 Septiembre 2022 - 1:01AM
UK Regulatory
TIDMINPP
RNS Number : 6537Y
International Public Partnerships
08 September 2022
8 September 2022
2022 First Half Year Dividend
The Board of International Public Partnerships Limited ('INPP',
'the Company'), the FTSE 250 listed infrastructure investment
company, declares a distribution covering the period:
Distribution period: 1 January 2022 - 30 June 2022
Distribution amount per share: 3.87 pence
Ex-dividend date: 15 September 2022
Dividend record date: 16 September 2022
Circulation of Scrip Election Forms and Circular: 6 October 2022
Last date to elect/revoke elections: 28 October 2022
Payment date/Allotment of scrip: 18 November 2022
Scrip Alternative in operation: Yes (subject to the average of
the middle market prices of the Company's Shares derived from the
Daily Official List of the London Stock Exchange for the
Ex-Dividend Date and the four subsequent dealing days being at a
premium to the last published NAV calculated on a per share
basis)
The 2022 first half year distribution of 3.87 pence per share is
in line with the target previously outlined by the Directors and,
as per previous periods, has been entirely funded through operating
cash flow from the underlying projects.
Scrip Dividend Alternative
The Board intend to offer a scrip dividend alternative for this
distribution to those eligible INPP investors who wish to receive
additional INPP securities in lieu of a cash payment. In line with
prior dividends, the Company has implemented an online process,
reducing the need for paperwork and allowing eligible INPP
shareholders access to a web-based service to elect the scrip
dividend alternative. Details will be sent to all eligible INPP
shareholders on the register as at the record date for the dividend
being 16 September 2022 with the scrip dividend circular being
mailed on or about 6 October 2022, the terms of the scrip dividend
alternative will also be available on the INPP website.
Shareholders wishing to access the web-based service and receive
electronic communications from the Company can do so at
www.signalshares.com .
2022 and 2023 Full Year Distributions
The Board of Directors reaffirms that it has established a
target for 2022 and 2023 distributions of 7.74 and 7.93 pence per
share, respectively, 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.
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.
ENQUIRIES:
Amber Fund Management Limited
Erica Sibree / Amy Edwards
T: +44 (0) 7557 676 499/+44 (0) 7827 238 355
ABOUT INTERNATIONAL PUBLIC PARTNERSHIPS:
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 140
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 160 staff who are responsible for the
management of, advice on and origination of infrastructure
investments.
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END
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