International Public Partnerships Issue of Equity (6712E)
08 Julio 2021 - 09:48AM
UK Regulatory
TIDMINPP
RNS Number : 6712E
International Public Partnerships
08 July 2021
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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.
8 July 2021
Issue of Equity
Further to the announcement on 30 June 2021, the Board of
Directors (the "Board") of International Public Partnerships
Limited (the "Company" or "INPP") is pleased to announce the
placing has closed, raising GBP135 mill ion before costs and
expenses through the issue of 81,818,178 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 and to provide additional
resources for the Company's approved near term transactions.
Michael Gerrard, Chairman of INPP, said:
"We are delighted to have support from our existing and new
investors for this capital raise. We believe this demonstrates the
attractiveness of INPP's robust long-term inflation-linked returns,
in the current market. The proceeds from this capital raise will be
used to repay our corporate debt facility and to fund the near-term
investments in our growing pipeline."
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 13 July 2021.
Notification of Transaction by Persons Discharging Managerial
Responsibilities ('PDMRs') and Persons Closely Associated
('PCAs')
The Board announces that the following Directors have
participated in the issue and will acquire the following
shares:
-- Julia Bond, Director of the Company, 12,121 New Ordinary Shares;
-- Sally-Ann David, Director of the Company, 30,303 New Ordinary Shares; and
-- John Le Poidevin, Director of the Company, 30,303 New Ordinary Shares.
For further information:
Erica Sibree
Amber Fund Management Limited +44 (0)20 7939 0558
Hugh Jonathan
Numis Securities +44 (0)20 7260 1263
About International Public Partnerships ('INPP'):
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 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 over 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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