REG - FIH Group PLC - Update on Disposals and a Return to Shareholders

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RNS Number : 3550F  FIH Group PLC  22 May 2026

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 

22(nd) May 2026

FIH group plc

 

("FIH" or "the Group")

 

Update on the Financial Returns from Recent Disposals and a Further Return to
Shareholders

 

 

FIH group plc, the AIM quoted international specialist services group with
businesses in the Falkland Islands and the UK, provides the following update
on the financial returns from the sale and lease back of the 100,000 sq ft
warehousing facilities in Leyton used by Momart and the sale of the entire
issued share capital of The Portsmouth Harbour Ferry Company ("PHFC"), as well
as providing details of a planned return of funds to shareholders.

The sale of the Leyton property completed on 4(th) September 2025, returning
£11.8 million before corporation tax, after repayment of the mortgage on the
property, the sale of the associated interest rate swap and transaction costs.
£0.8m of the sale price was deferred and is payable once Momart has made
rental payments in compliance with the lease agreement for a period of two
years.

The sale of PHFC completed on 28(th) February 2026 delivering proceeds of
£10.7 million after transaction costs. No corporation tax is anticipated on
the capital gain on this share sale as the transaction is expected to fall
within the Substantial Shareholding Exemption introduced by the Finance Act
2002.

Transaction costs for these disposals include bonus payments to CEO Stuart
Munro and CFO Reuben Shamu of circa £478k and £239k respectively (excluding
employer-related taxes) under an incentive scheme approved by the
non-executive directors of the Group for the successful completion of these
divestments. Bonus amounts payable under this scheme are discretionary and
dependent, inter alia, on the net proceeds from each sale. The non-executive
directors of the Group consider that the terms of this incentive scheme and
the resultant payments are fair and reasonable in so far as shareholders are
concerned.

Following the successful completion of the sale of PHFC, a special interim
dividend of 40 pence per share will be paid on 14(th) July 2026 to
shareholders on the register at the close of business on 5(th) June 2026. The
shares will be marked ex dividend on 4(th) June 2026.

Including the special dividend of 70 pence per share approved at the 2025 AGM
and paid on 31(st) October 2025, this will take the total return to
shareholders in respect of these disposals to 110 pence per share (circa
£13.8 million).

The Group has a Dividend Reinvestment Plan (the "Plan") that allows
shareholders to reinvest dividends to purchase additional shares in the
Company. For shareholders to apply

the proceeds of this special interim dividend and future dividends to the
Plan, application forms must be received by the Company's Registrars by no
later than 23(rd) June 2026. Existing participants in the Plan will
automatically have the special interim dividend reinvested. Details of the
Plan can be obtained from MUFG Corporate Markets on 0371 664 0391 or at
www.signalshares.com (http://www.signalshares.com) .

 

Enquiries:

 FIH group plc

 Stuart Munro, Chief Executive           Tel: 01279 461630

 Reuben Shamu, Chief Financial Officer

 Zeus - NOMAD and Broker to FIH

 Mike Coe / James Bavister               Tel: 020 3829 5000

 Novella Communications

 Tim Robertson / Chris Marsh             Tel: 020 3151 7008

 

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Stuart Munro Chief Executive Officer of the Company.

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