International Public Partnerships 2021 First Half Year Dividend (1888L)
09 Septiembre 2021 - 1:01AM
UK Regulatory
TIDMINPP
RNS Number : 1888L
International Public Partnerships
09 September 2021
9 September 2021
2021 First Half Year Dividend
The Board of International Public Partnerships Limited ("INPP"),
the FTSE listed infrastructure investment company, declares a
distribution covering the period:
Distribution period: 1 January 2021 - 30 June 2021
Distribution amount per share: 3.78 pence
Ex-dividend date: 16 September 2021
Dividend record date: 17 September 2021
Circulation of Scrip Election Forms and Circular: 6 October 2021
Last date to elect/revoke elections: 27 October 2021
Payment date/Allotment of scrip: 17 November 2021
Scrip Alternative in operation: Yes
The 2021 first half year distribution of 3.78 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.
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 17 September 2021 with the scrip dividend circular being
mailed on or about 6 October 2021, 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 .
2021 and 2022 Full Year Distributions
The Board of Directors reaffirms that it has established a
target for 2021 and 2022 distributions of 7.55 and 7.74 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. 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.
Enquiries:
Erica Sibree/Amy Edwards
Amber Fund Management Limited +44 (0)20 7939 0558/0587
Hugh Jonathan
Numis Securities +44 (0)20 7260 1263
Ed Berry/Mitch Barltrop
FTI Consulting +44 (0) 20 3727 1046/1039
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 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 150 staff who are responsible for the
management of, advice on and origination of infrastructure
investments
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END
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