Annual General Meeting

RNS Number : 5770J

3i Group PLC

18 July 2013

 



3i Group plc

18 July 2013

Annual General Meeting

At the Annual General Meeting of 3i Group plc at 11.00am this morning, Sir Adrian Montague, Chairman, will comment:

"Our results for the financial year to 31 March 2013 show significant improvement compared to the prior year, particularly in our Private Equity business.

As outlined in this morning's Interim Management Statement, we've had a strong start to the current financial year, with the NAV per share growing by 5% from 31 March 2013 to 326p per share at 30 June 2013, which reflects the continued underlying growth in earnings in the Private Equity portfolio and also a number of good realisations."

In the Company's Interim Management Statement relating to the three-month period from 1 April 2013 to 30 June 2013, which was released earlier this morning, Chief Executive, Simon Borrows, said that:

"We are making good progress in the next phase of 3i's strategic plan, transition and delivery.

We have enjoyed a busy run of divestment activity. The £443 million of realisations we have completed or announced in the first quarter of FY 2014 are encouraging and will support our policy to distribute 15%-20% of gross realisation proceeds. The total amount in our distribution calculation for FY 2014 so far is £665 million, including the £222 million for Mold-Masters received last year."

For more information, please refer to the Interim Management Statement published this morning.

Ends

For information, please contact:

Kathryn van der Kroft Communications Director, 3i Group plc	020 7975 3021
Silvia Santoro Investor Relations Director, 3i Group plc	020 7975 3258

Notes to editors

3i is a leading international investor focused on mid-market private equity, infrastructure and debt management across Europe, Asia and the Americas.

For further information, please visit: www.3i.com.

 

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