Trading Update

The Directors of B.P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early stage financial services businesses, are pleased to provide the market with an update on trading for the Group’s year to 31 January 2024.

Highlights

• Three disposals of investments were agreed during the year for an aggregate upfront cash consideration of £93.3m
• Three new investments during the year were made – Ai Marine Risk Limited, Pantheon Specialty Limited and Verve Risk Services Limited
• Group funds stood at £40.5m as at 31 January 2024 compared to £12.1m at 31 January 2023
• Agreed distribution of £6m in dividends over the next three years which is a considerable increase on previous dividend policies
• The Group currently has a robust pipeline of potential new investments
• The Group is debt free

The Group remains positive regarding its ongoing performance and will be releasing its Annual Results for the year to 31 January 2024 on 11 June 2024.

News in full