Preliminary results for the year to 31 March 2012
Key points
- Appointment of Simon Borrows as the new Chief Executive with a clear mandate to address the performance of the Group
- Subject to shareholder approval, a significant increase in the dividend to bring the total dividend for the year to 8.1p
- Further strengthen the distribution policy giving shareholders a direct share in the success of the Group''s realisation activities.
3i''s Chairman, Sir Adrian Montague, said: "We are delighted to announce the appointment of Simon as Chief Executive. He has already made a significant positive impact as Chief Investment Officer, bringing a fresh focus and discipline to 3i''s investment processes."
"This has been a challenging year for 3i and the stability of the Eurozone remains central to the outlook. Whatever the environment, we have a clear set of measures to maximise shareholder value and the returns to our co-investors in our funds."
Patrick Dunne, 3i Group plc
Tel: 020 7975 3283
Kathryn van der Kroft, Press Office
Tel: 020 7975 3021
Guy Lamming, Finsbury
Tel: 020 7251 3801
For further information regarding the announcement of 3i''s annual results to 31 March 2012, including a live videocast of the results presentation from 09:45am, please see www.3igroup.com.
Notes to editors
3i is an international investor focused on private equity, infrastructure and debt management, investing across Europe, Asia and the Americas.
Our rich mix of international relationships, extensive experience, on-the-ground knowledge and capital enables us to identify market-leading businesses and contribute to their success. Working in partnership, we support these companies in achieving their goals. Through combining these attributes, we create value for all our stakeholders. www.3i.com