May 17, 2018 / 6:09 AM / 2 months ago

BRIEF-3I Group posts 24 pct FY return on opening investor funds

May 17 (Reuters) - 3i Group PLC:

* TOTAL RETURN OF £1,425 MILLION OR 24% ON OPENING SHAREHOLDERS’ FUNDS AND NAV PER SHARE OF 724 PENCE (31 MARCH 2017: 604 PENCE)

* PRIVATE EQUITY TEAM GENERATED EXCELLENT REALISATIONS OF £1,002 MILLION, ANNOUNCED A FURTHER C.£350 MILLION OF PROCEEDS TO COMPLETE BY SUMMER OF 2018 AND INVESTED A TOTAL OF £587 MILLION IN FOUR NEW PORTFOLIO COMPANIES, AS WELL AS TWO IMPORTANT FURTHER INVESTMENTS

* TOTAL DIVIDEND OF 30 PENCE PER SHARE FOR FY2018, WITH 22 PENCE TO BE PAID IN JULY SUBJECT TO SHAREHOLDER APPROVAL

* CLOSED TWO EUROPEAN INFRASTRUCTURE FUND PLATFORMS, RAISING ASSETS OF MORE THAN £1 BILLION, AND INVESTED £177 MILLION IN OUR FIRST US INFRASTRUCTURE INVESTMENT, SMARTE CARTE

* WE ENTER FY2019 WITH GOOD MOMENTUM ACROSS GROUP. OUR FUND MANAGEMENT INITIATIVES IN INFRASTRUCTURE, TOGETHER WITH OUR REINVESTMENT INTO SCANDLINES, WILL GENERATE IMPORTANT CASH INCOME WHILE OUR PRIVATE EQUITY PORTFOLIO REMAINS WELL POSITIONED TO GENERATE TOP-TIER CAPITAL RETURNS. Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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