REG - B.P. Marsh &Partners - Interim Dividend Declaration

B.P. Marsh & PartnersAnnouncement

07/02/2024 15:00

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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 (http://www.bpmarsh.co.uk/)
 Brian Marsh OBE                                                      +44 (0)20 7233 3112

 Nominated Adviser & Broker

 Panmure Gordon
 Atholl Tweedie / Amrit Mahbubani / Stephen Jones / Ailsa MacMaster   +44 (0)20 7886 2500

 Financial PR & Investor Relations
 Tavistock                                                            bpmarsh@tavistock.co.uk
 Simon Hudson / Tim Pearson / Katie Hopkins                           +44 (0)20 7920 3150

 

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
(http://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.

 

- Ends -

 

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