BP Marsh & Partners PLC - London-based venture capital investor in financial services businesses - Plans new dividend and buyback policy for the 2024, 2025 and 2026 financial years ending on January 31, with an aggregate of GBP2 million per year being distributed via dividends. Further, it intends to conduct a GBP6.0 million return of capital after the sale of Kentro for GBP51.5 million. Meanwhile, cash and treasury funds as at July 31 were GBP4.3 million, down from GBP12.1 million as at January 31, as the company provided loans to the investment portfolio.
Current stock price: 381.50 pence, up 4.5% on Monday
12-month change: up 27%
By Tom Budszus, Alliance News reporter
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B.p Marsh (BPM)