Annual General Meeting
At the Annual General Meeting of 3i Group plc at 10:30am this morning, Baroness Hogg, Chairman of 3i, will comment that:
"The year to 31 March saw 3i move forward strategically, operationally and financially."
Baroness Hogg will also announce that Robert Swannell will be joining the 3i Group plc board as a non-executive director with effect from 1 September 2006 . Robert is Vice Chairman, Citigroup Europe and a member of Citigroup's Global Investment Banking Operating Committee and has a strong track record in the financial services sector.
Philip Yea, Chief Executive, will comment that:
"Since the year end, 3i has continued to invest well and to generate high levels of realisations."
The Annual General Meeting will be followed by an Extraordinary General Meeting where a resolution will be put to shareholders relating to the proposed £700 million return of capital.
For information please contact:
3i Group plc
Patrick Dunne, Group Communications Director - 020 7975 3283
Philip Gawith - 020 7379 5151
Notes to editors
3i is a world leader in private equity and venture capital. We focus on Buyouts, Growth Capital and Venture Capital and invest across Europe, in the United States and in Asia. Our competitive advantage comes from our international network and the strength and breadth of our relationships in business. These underpin the value that we deliver to our portfolio and to our shareholders.