Change of Name
25 Junho 2009 - 4:04AM
UK Regulatory
TIDMBBPP
RNS Number : 4834U
Babcock&Brown Public Ptnrships Ltd
25 June 2009
25 June 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
Change of Company name
An Extraordinary General Meeting of Babcock & Brown Public Partnerships Limited
("the Company") was held on 18 May 2009, at which various shareholder
resolutions were passed approving: (a) the transfer of the Company's investment
advisory and management arrangements from the Babcock & Brown Group to the Amber
Infrastructure Group (effective 23 June 2009); and (b) the change of the
Company's name to "International Public Partnerships Limited".
The Company is pleased to advise that all procedural steps required to effect
the change of Company name were finalised on 24 June 2009. Accordingly, the
Company will now be known as "International Public Partnerships Limited" and its
LSE ticker code will be changed to 'INPP' from the commencement of trading
tomorrow, Friday 26 June 2009.
For further information, please contact:
Bianca Francis +44 20 7203 7418
Chief Operating Officer
Media Enquiries:
Byron Ousey/Michael Turner +44 20 7554 1440
Kreab Gavin Anderson
Notes to Stakeholders:
+---------------+--------------------------------------------+
| Company name: | International Public Partnerships Limited |
| | |
+---------------+--------------------------------------------+
| LSE ticker | INPP.L |
| code: | |
+---------------+--------------------------------------------+
| Bloomberg | INPP LN |
| code: | |
+---------------+--------------------------------------------+
| Address: | Level 14, 5 Aldermanbury Square, London, |
| | EC2V 7HR |
+---------------+--------------------------------------------+
| Telephone: | +44 20 7203 7300 |
+---------------+--------------------------------------------+
| Web: | www.internationalpublicpartnerships.com |
+---------------+--------------------------------------------+
| Email: | info@internationalpublicpartnerships.com |
+---------------+--------------------------------------------+
Notes to Editors:
International Public Partnerships Limited is a closed end investment company
that invests in infrastructure assets in the UK, Europe and internationally,
particularly those with a public or social character such as those developed
with public bodies under private finance initiative (PFI) or public private
partnership (PPP) procurement.
The portfolio consists of 50 PPP/PFI projects with more than 99% of revenues
backed by Governments. There is diversification geographically as well as across
several PPP/PFI sectors, including roads and tunnels, railways, schools,
courthouses, police and custodial facilities, government offices and health
facilities. Average remaining concession life of projects in the portfolio is 25
years, against a weighted average debt tenor of 24 years, ensuring that project
debt is largely matched to concession life.
Amber Infrastructure Group has been responsible for the development and
management of the majority of these assets and will continue to manage them for
the benefit of INPP shareholders.
The company listed on the Main Market of the London Stock Exchange in November
2006, and is a constituent of the FTSE 250 and FTSE AllShare.
Disclaimer
Nothing in this press release is intended as an offer to sell or a solicitation
of an offer to buy any securities. An investment in International Public
Partnerships Limited (the "Company") carries certain risks and past performance
cannot be relied on as a guide to future performance.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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