PETERSHILL PARTNERS PLC proposed a final dividend of 10.1 cents per share taking the full year dividend for 2023 to 15.0 cents per share (2022: 14.5 cents). The Board has proposed a final dividend payment of 10.1 cents (USD) per share, payable on 14 June 2024 to shareholders on the register as at close of business on 10 May 2024, with ex-dividend date of 9 May 2024. The total dividend per Ordinary Share for 2023 is 15.0 cents up 3% from 2022, in line with the progressive dividend policy. Shareholders should note that the default payment currency is USD, however, shareholders can elect to have their dividends paid in either GBP or EUR.
Other financial highlights include:
Adjusted Profit After Tax of $200m for the year ended 31 December 2023 (2022: $273m).
Total income of $319m (2022: $379m) and Adjusted EBIT of $284m (2022: $336m) with Adjusted EBIT margin of 89% (2022: 89%).
Adjusted EPS of 17.6 cents (2022: 23.7 cents).
IFRS Profit After Tax of $321m (2022: $453m loss) and IFRS EPS of 28.4 cents (2022: (39.4) cents), includes the change in the carrying value of investments.
The firm is considering launching a tender offer to purchase up to $100m of the Company's shares. Decision to be made by the end of April so that approval could be sought at the forthcoming AGM.
As a result of applicable US securities law requirements, the Company has today served notice to terminate its current share buyback programme until either the Board decides not to proceed with the tender offer or the tender offer completes.
