May 16, 2019 / 6:18 AM / 4 months ago

BRIEF-3I Group says FY total return of 1.25 bln stg

May 16 (Reuters) - 3i Group PLC:

* SAYS TOTAL RETURN OF £1,252 MILLION OR 18% ON OPENING SHAREHOLDERS’ FUNDS

* SAYS OUR PRIVATE EQUITY BUSINESS CONTINUES TO PERFORM WELL, WITH UNDERLYING EARNINGS GROWTH UNDERPINNING A GROSS INVESTMENT RETURN OF £1,148 MILLION OR 20%.

* SAYS THIS WAS DRIVEN BY ASSETS INCLUDING ACTION, CIRTEC MEDICAL, AUDLEY TRAVEL, ASPEN PUMPS AND FORMEL D

* SAYS TOTAL DIVIDEND OF 35 PENCE PER SHARE FOR FY2019, WITH A DIVIDEND OF 20 PENCE PER SHARE TO BE PAID IN JULY 2019 SUBJECT TO SHAREHOLDER APPROVAL

* SAYS FY2020 APPEARS TO BE STARTING IN A SIMILAR WAY TO FY2019, WITH SIGNIFICANT POLITICAL AND MARKET UNCERTAINTY AND A GROWING TIDE OF FUNDS LOOKING TO INVEST IN OUR MARKETS

* SAYS WE REMAIN CAUTIOUS IN THIS ENVIRONMENT, WHICH WILL LEAD US TO BE CAREFUL ABOUT PRICING OF NEW INVESTMENTS AND TO DEPLOY FURTHER CAPITAL IN COMPANIES WE ALREADY KNOW WELL

* SAYS GROUP’S PORTFOLIO OF INVESTMENTS IS POSITIONED WELL AND HAS GOOD MOMENTUM FOR FURTHER GROWTH Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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