International Public Partnerships Limited Share Offer
This offer is now closed for applications through interactive investor
Result of Initial Issue
The Issue Price was set at 159.5 pence per new Ordinary Share.
International Public Partnerships Limited (INPP) has successfully raised gross proceeds of £325 million, through its Placing, Open Offer, Offer for Subscription and Intermediaries Offer (the "Initial Issue").
The Initial Issue was oversubscribed several times over and investors not benefiting from pre-emptive rights have been scaled back.
Application will be made for 203,761,755 New Shares to be admitted to trading on the London Stock Exchange's main market.
Applications under the Intermediaries Offer have been scaled back to a maximum of £150,000, rounded down to the nearest whole share.
Share allocations and uninvested cash are expected to be credited today (Friday 29 April 2022). Confirmation of allocations will be sent once the shares and refunds are showing on accounts.
Please note the allocation policy was set by INPP and not Interactive Investor.
Offer period
- The Offer Period for the International Public Partnerships Limited Share Offer closed at 1pm on Wednesday 27 April 2022.
Trading starts
- Admission and unconditional dealing in the new Ordinary Shares is expected to commence at 8am on Wednesday 4 May 2022. There is no conditional dealing period.
- When admitted to trading, the new Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number B188SR5 and trade under the symbol "INPP".
- If you buy or sell International Public Partnerships Limited Ordinary Shares after admission the relevant share dealing rate will apply.
Michael Gerrard, Chair of INPP, said:
"Thanks to the support of both existing and new investors, we have significantly increased the size of our initial target raise of £250 million, completing a total capital raise of £325 million. The over-subscribed issue firmly demonstrates the attractiveness of INPP's investment case. The proceeds of the capital raise will be deployed to repay the Company's corporate debt facility and support our investment pipeline. We continue to aim to deliver long-term financial returns for investors that also support the drive towards a more sustainable future for the communities we serve."
Key information
| Issue price per share: | 159.5 pence |
| Minimum investment: | £1,000 (multiples of £1 thereafter) |
| Stock ticker: | INPP |
| SEDOL: | B188SR5 |
Expected timetable
| Offer open: | 11 April 2022 |
| Offer close: | 27 April 2022 (1pm) |
| Result announced: | 29 April 2022 |
| Unconditional dealing starts: | 4 May 2022 (8am) |
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto. It should be remembered that the price of the shares can go down as well as up and that investors may not receive, on the sale or cancellation of the shares, the amount that they invested. If you are in any doubt about the contents of this document or the Prospectus, you should consult your accountant, legal or professional adviser or financial adviser.
Interactive Investor Services Limited uses the INPPÂ Prospectus in accordance with the Company's consent and the conditions set out in the INPPÂ Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"International Public Partnerships Limited" and the International Public Partnerships Limited logo are reproduced by kind permission of International Public Partnerships Limited. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of 201 Deansgate, Manchester, M3Â 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.