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LONDON (Alliance News) - 3i Group PLC said Friday Chief Executive Simon Borrows acquired GBP525,500 worth of shares in the company.
Borrows purchased 50,000 shares at 1,051.00 pence. Shares in 3i were down 0.9% Friday at 1,077.50p each.
Borrows' total holding in the private equity and infrastructure investment company was not disclosed following Thursday's transaction.
At the end of 2018, Borrows bought 250,000 shares for a total of GBP2.0 million. In May 2017, he acquired 250,000 shares, this time for a GBP2.1 million.
On Thursday, the FTSE 100-listed investment company reported a sharp rise in annual net asset value, exceeding expectations, with a strong performance from both its private equity and infrastructure portfolios.
At March 31, 3i's NAV per share stood at 815 pence compared to 724p the year prior, a 13% jump. According to company-compiled consensus - based on six analysts - net asset value per share was forecast to reach to 808p.
The investment company's net assets increased in the period to GBP7.91 billion.
In financial 2019, 3i's total return was GBP1.25 billion, behind the GBP1.43 billion total return the year before, with GBP1.24 billion coming from realisation proceeds. The investment company's portfolio value ended the year at GBP7.55 billion, 13% higher than the GBP6.66 billion value at the end of financial 2018.
