Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

IN BRIEF: BP Marsh sets GBP1 million share buyback, declares dividend

16th Jan 2023 12:09

BP Marsh & Partners PLC - venture capital investor in financial services businesses - Launches share buyback worth up to GBP1.0 million to reduce the current share price discount to net asset value. BP Marsh says it will buy shares only up to a price equivalent to a 20% discount to its most recent NAV of 499.0 pence per share, which would be 399.2p. BP Marsh notes it has authority to buy up to 3.7 million shares, conferred at its annual general meeting in July last year.

Also declares 1.39p interim dividend and says its "aspiration" remains to pay a total dividend for the financial year ending on January 31 of GBP1.0 million. Last year it paid 2.78p per share total dividend and said it aimed to maintain that level of dividend for the next two financial years.

Current stock price: 322.00p, up 2.9% in London on Monday

12-month change: down 3.6%

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

FTSE 100 Latest
Value7,952.62
Change0.00