Last checked at 1 Jul 2016 10:52
Date: 1 July 2016
On behalf of: B.P. Marsh & Partners Plc ("B.P. Marsh", "the Company" or "the Group")
B.P. Marsh & Partners Plc
Hyperion Insurance Group Limited ("Hyperion") & Dividend
B.P. Marsh & Partners Plc (AIM: BPM), the niche development capital provider to early stage financial services businesses, is pleased to confirm receipt of £7,310,576 from the realisation of the Company's final 1.6% stake in Hyperion.
The Board of B.P. Marsh has subsequently recommended a dividend of 3.76p per share for the year ended 31st January 2017, subject to the necessary Shareholder approvals.
The dividend is announced in recognition of the steady growth and consolidation of the Company's investment portfolio.
The Board aims to balance utilising cash to invest in the existing portfolio and new opportunities and providing investors with a modest yield and, as such, it is the Board's aspiration to maintain at least this level of dividend for the years ending 31st January 2018 and 31st January 2019, subject to ongoing review and approval by the Board and the Shareholders.
For further information:
B.P. Marsh & Partners Plc www.bpmarsh.co.uk
Brian Marsh OBE / Camilla Kenyon +44 (0)20 7233 3112
Nominated Adviser & Broker
Panmure Gordon
Fred Walsh / Charles Leigh-Pemberton / Atholl Tweedie +44 (0)20 7886 2500