TIDMINPP
RNS Number : 3129Y
International Public Partnership Ld
07 September 2015
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,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.
International Public Partnerships Issue of Equity
7 September 2015
Issue of Equity
Further to the announcement of 1 September 2015, the Board of
Directors (the "Board") of International Public Partnerships
Limited (the "Company" and/or "INPP") is pleased to announce the
placing has closed, raising GBP18 million before costs and expenses
through the issue of 13,430,202 ordinary shares of 0.01p in the
capital of the Company (the "New Ordinary Shares") by way of tap
issuance (the "Issue").
The placing was oversubscribed with demand from existing and new
investors.
The New Ordinary Shares will be issued at 134 pence per share,
which represents a discount of 1.3% to the closing price prior to
the fund raising announcement on 1 September 2015.
Commenting on the Issue, Chairman of INPP Rupert Dorey said: "We
are delighted to announce that the Company has raised GBP18 million
through a placement today, with the Issue being oversubscribed. The
net proceeds will be used to reduce the drawn element of the
Company's debt facility and to enable the Company to complete on
the strong pipeline of short and medium term opportunities."
Application for listing and admission to trading
Application will be made to the Financial Conduct Authority for
admission of the New Ordinary Shares to the premium segment of the
Official List of the FCA and to the London Stock Exchange plc for
admission to trading of the New Ordinary Shares on its main market
for listed securities (together, "Admission"). It is expected that
Admission will become effective on or around 9 September 2015 and
that dealings in the New Ordinary Shares on the London Stock
Exchange's main market for listed securities will commence at that
time.
For further information:
Erica Sibree +44 (0)20 7939 0558
Amber Fund Management Limited
Nick Westlake/ Hugh Jonathan (Corporate) +44 (0)20 7260 1345/1263
Numis Securities
Ed Berry/Mitch Barltrop +44 (0) 20 3727 1046/1039
FTI Consulting
Notes to Editors:
About International Public Partnerships
International Public Partnerships Limited (INPP) is a listed
infrastructure investment company which invests in global public
infrastructure projects developed under the public private
partnerships (PPP) and private finance initiative (PFI) procurement
methods.
Listed in 2006, INPP is a long-term investor in 118 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters, transport and renewable energy
projects in the U.K., Europe, Australia and Canada. INPP seeks to
provide its shareholders with both a long-term government-backed
yield and capital growth through investment across both
construction and operational phases of 20-40 year concessions.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
Important Information:
This Announcement has been issued by and is the sole
responsibility of the Company.
No representation or warranty express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by Numis or by any of its respective
affiliates or agents as to or in relation to, the accuracy or
completeness of this Announcement or any other written or oral
information made available to or publicly available to any
interested party or its advisers, and any liability therefore is
expressly disclaimed.
Neither this Announcement nor anything contained herein shall
form the basis of, or be relied upon in connection with, any offer
or commitment whatsoever in any jurisdiction.
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 or South
Africa or any jurisdiction in which the same would be unlawful.
This Announcement does not constitute an offer to sell or issue or
the solicitation of an offer to buy or acquire shares in the
capital of the Company.
The Shares have not been, or will not be, registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act") or
with any securities regulatory authority of any State or other
jurisdiction of the United States, and accordingly may not be
offered, sold or transferred within the United States except
pursuant to an exemption from, or in a transaction not subject to,
registration under the Securities Act. No offering of the Shares is
being made in the United States or to U.S. persons as defined in
and in accordance with Regulation S under the Securities Act ("U.S.
Persons"). The Company has not been and will not be registered
under the U.S. Investment Company Act of 1940, as amended (the
"Investment Company Act") and investors will not be entitled to the
benefits of that Act.
The Company is a non-EU AIF for the purposes of the Alternative
Investment Fund Managers Directive ("AIFMD") and has not applied
for permission to market New Ordinary Shares in any jurisdiction
other than the United Kingdom. Investors will, by bidding for New
Ordinary Shares, be deemed to have represented that it is lawful
for them to have made such a bid and to hold New Ordinary Shares
and that where required by AIFMD, they have read the information
made available by the Company under Article 23 of AIFMD. The
additional regulatory disclosures made by the Company under Article
23 of AIFMD can be found on the INPP website at
www.internationalpublicpartnerships.com/investor-information/.
Numis, which is authorised and regulated in the United Kingdom
by the Financial Conduct Authority, is acting for International
Public Partnerships Limited and is acting for no-one else in
connection with the Issue and will not be responsible to anyone
other than INPP for providing the protections afforded to its
clients nor for providing advice in relation to the proposed issue
or any other matter referred to herein. To the fullest extent
permitted by law recipients agree that Numis shall not have any
liability (direct or indirect) for or in connection with this
Announcement or any matters arising out of or in connection
herewith. Numis has not authorised the contents of, or any part of,
this document.
This Announcement is for information purposes only and does not
constitute an invitation to subscribe for or otherwise acquire or
dispose of securities in the Company in any jurisdiction. The
information contained in this Announcement is for background
purposes only and does not purport to be full or complete. This
Announcement does not constitute or form part of any offer to issue
or sell, or any solicitation of any offer to subscribe or purchase,
any investments nor shall it (or the fact of its distribution) form
the basis of, or be relied on in connection with, any contract
therefor.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEPKODNNBKDACK
(END) Dow Jones Newswires
September 07, 2015 09:44 ET (13:44 GMT)
Babcock & Brown (See LSE:BBPP) (LSE:BBPP)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Babcock & Brown (See LSE:BBPP) (LSE:BBPP)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024