B.P. Marsh & Partners PLC Dividend Declaration (9817C)
01 July 2016 - 7:52PM
UK Regulatory
TIDMBPM
RNS Number : 9817C
B.P. Marsh & Partners PLC
01 July 2016
Date: 1 July 2016
On behalf of: B.P. Marsh & Partners Plc ("B.P. Marsh", "the
Company" or "the Group")
B.P. Marsh & Partners Plc
Hyperion Insurance Group Limited ("Hyperion") & Dividend
B.P. Marsh & Partners Plc (AIM: BPM), the niche development
capital provider to early stage financial services businesses, is
pleased to confirm receipt of GBP7,310,576 from the realisation of
the Company's final 1.6% stake in Hyperion.
The Board of B.P. Marsh has subsequently recommended a dividend
of 3.76p per share for the year ended 31(st) January 2017, subject
to the necessary Shareholder approvals.
The dividend is announced in recognition of the steady growth
and consolidation of the Company's investment portfolio.
The Board aims to balance utilising cash to invest in the
existing portfolio and new opportunities and providing investors
with a modest yield and, as such, it is the Board's aspiration to
maintain at least this level of dividend for the years ending
31(st) January 2018 and 31(st) January 2019, subject to ongoing
review and approval by the Board and the Shareholders.
For further information:
B.P. Marsh & Partners Plc www.bpmarsh.co.uk
Brian Marsh OBE / Camilla Kenyon +44 (0)20 7233 3112
Nominated Adviser & Broker
Panmure Gordon
Fred Walsh / Charles Leigh-Pemberton / Atholl Tweedie +44 (0)20 7886 2500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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