Bovemij proposes to pay dividend for 2023

London, UK, 6 December 2023

Edison issues flash on PB Holding (PBH): Bovemij proposes to pay dividend for 2023

PB Holding reported that the company’s most important asset, car insurer Bovemij, in which it has a 5.3% stake, intends to pay an unexpected special dividend in December 2023 of €0.60 per Bovemij certificate. This represents €0.31m for PB Holding’s 515k Bovemij certificates. The dividend still has to be approved at an extraordinary general meeting on 15 December. Where no revenues were previously expected in 2023, €0.31m revenues can be expected if the dividend is approved.

The decision for Bovemij to pay out a dividend has to do with its 60-year jubilee and its solid financial position. According to PB Holding, a large part of the €0.31m proceeds from the dividend can be used for further buybacks of PB Holding shares and/or the purchase of Bovemij certificates. PB Holding had a net cash position of €0.5m following a share buyback after H1, which is enough to cover operational costs for a few years.

 
Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached – across institutions, family offices, wealth managers and retail investors – Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Edwin De Jong +44 (0)20 3077 5700 industrials@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn www.linkedin.com/company/edison-group-/

Twitter  www.twitter.com/Edison_Inv_Res

YouTube www.youtube.com/edisonitv