Brief: Petershill Partners Proposes Final Dividend Of 10.1 Cents Per Share

Petershill Partners

26/03/2024 07:31

March 26 (Reuters) - Petershill Partners PLC  PHLL.L :
    * PROPOSED A FINAL DIVIDEND OF 10.1 CENTS PER SHARE
    * SEES $20 - $25BN ORGANIC FEE-ELIGIBLE AUM RAISE AND
REALISATIONS
OF $5 - $10BN IN FEE-PAYING AUM FOR FY 2024
    * CONSIDERING LAUNCHING A TENDER OFFER TO PURCHASE UP TO
$100M OF
COMPANY'S SHARES
    * SERVED NOTICE TO TERMINATE ITS CURRENT SHARE BUYBACK
PROGRAMME
    * SEES FY 2024 $200 - $230M FULL YEAR PARTNER FRE
    * SEES FY ACQUISITIONS IN 2024 EXPECTED TO BE IN-LINE WITH
MEDIUM-TERM RANGE OF $100-$300M PER ANNUM
    * SEES 85% - 90% COMPANY ADJUSTED EBIT MARGIN IN FY 2024
    * FRE WERE ALSO DOWN 5% COMPARED TO 2022 BUT WE REMAIN
CONFIDENT
ON MEDIUM-TERM OUTLOOK FOR FRE GROWTH

Source text for Eikon:  ID:nRSZ2431Ia 
Further company coverage:  PHLL.L 

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