B.P. Marsh & Partners PLC Interim Dividend Declaration

RNS Number : 3838C

B.P. Marsh & Partners PLC

07 February 2024

 

7 February 2024

 

B.P. Marsh & Partners Plc

Interim Dividend Declaration

 

B.P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early stage financial services businesses, is pleased to declare an interim dividend of 2.68p per share (£1.0m) covering the period from 1^st February 2023 to 31^st January 2024 (the "Interim Dividend").

 

The Interim Dividend will be paid on 18^th March 2024 to all Shareholders on the Register as at 16^th February 2024.

 

The Company announced on 23^rd January 2024 an aspiration to pay further dividends of £4.0m in aggregate for its year ending 31^st January 2024 (in addition to the £1.0m special dividend paid to shareholders in November 2023), of which £2.0m is subject to the completion of the Company's anticipated sale of its shareholding in Paladin Holdings Ltd ("Paladin"), which is still awaiting full regulatory consent.

 

As such, the Board expects to declare a further dividend payment of £1.0m relating to 2024, with a further £2.0m subject to completion of Paladin (£3.0m in aggregate), and will announce further information in this respect at the appropriate time.

 

It also remains the Board's intention to distribute £2.0m per annum in respect of the subsequent two financial years, increasing to £4.0m per annum subject to the completion of Paladin.

 

 

For further information:                                                                         

 

B.P. Marsh & Partners Plc	www.bpmarsh.co.uk
Brian Marsh OBE	[phone]
Nominated Adviser & Broker Panmure Gordon
Atholl Tweedie / Amrit Mahbubani / Stephen Jones / Ailsa MacMaster	[phone]
Financial PR & Investor Relations
Tavistock	[e-mail]
Simon Hudson / Tim Pearson / Katie Hopkins	[phone]

 

Notes to Editors:

B.P. Marsh's current portfolio contains fifteen companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk.

 

Since formation over 30 years ago, the Company has assembled a management team with considerable experience both in the financial services sector and in managing private equity investments. Many of the directors have worked with each other in previous roles, and all have worked with each other for approaching ten years.

 

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