THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME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 INCLUDING IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA.
INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED
('INPP' or the 'Company')
Allotment of scrip dividend shares
20 May 2022
International Public Partnerships Limited, the listed infrastructure investment company ('the Company', 'INPP') wishes to confirm the following in respect of the scrip dividend:
| Dividend period: | 1 July 2021 - 31 December 2021 |
| Dividend amount per share: | 3.77 pence |
| Scrip dividend price: | 165 pence per share |
| Payment date/Allotment of scrip: | 7 June 2022 |
| Number of new shares issued: | 1,377,796 |
| Total number of INPP shares in issue at 7 June 2022: | 1,911,243,132 |
As a result of the issue of equity set out above, the Company's issued share capital consists of 1,911,243,132 Ordinary shares. Application will be made for 1,377,796 new Ordinary shares of 0.01p 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 shares will commence at 8.00 a.m. on 7 June 2022.
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:
| Erica Sibree/Amy Edwards Amber Fund Management Limited
| +44 (0) 7557 676 499/+44 (0) 7827 238 355 |
| Hugh Jonathan Numis Securities
| +44 (0)20 7260 1263 |
| Ed Berry/Mitch Barltrop FTI Consulting
| +44 (0) 7703 330 199/ +44 (0) 7807 296 032 |
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 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 150 staff who are responsible for the management of, advice on and origination of infrastructure investments
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