ABC arbitrage

2023 Results - Seite 2

• Dividend Policy - A quarterly distribution policy has been in place since 2019.
• Distribution of €0.10 per share in October 2023 and distribution of €0.10 per share in December 2023;
• Interim dividend of €0.10 per share on April 23, 2024 for payment on April 25;
• The Board does not intend to propose a final dividend at the AGM;
• The total distribution for fiscal year 2023 will amount to €0.30 per share, i.e. a payout ratio (POR) for 2023 consolidated net result of more than 108%, and 6.2% yield (using December 31, 2023 price);
• The Board confirms its intention to distribute €0.10 per share in October and again in December 2024.

• Outlook - During the first half of 2024, financial markets are broadly similar to 2023, with volatility significantly below its historical average, and activity over mergers and acquisitions sector and corporate actions struggling to pick up. The rhythm of Group activity is still in line with FY 2023 and remains coherent with this situation. Group AUM remains close to 2023 levels, but the latest advances give ABC arbitrage reason to expect a rebound in this area, despite the delay in 2022 and 2023. In this context, ABC arbitrage continues to manage its investments and risks in order to significantly increase its profitability in such a sluggish environment. The role of central banks, which are still very much present, particularly with the FED's intervention in February 2023 and the significant size of their balance sheets in 2024, combined with the prospect of lower interest rates in 2024, seem to be driving the markets towards all-time highs, far from the geopolitical and economic risks that are nonetheless present. The Group is therefore maintaining the ambitions of its Springboard 2025 plan, ambitions correlated with the financial markets’ parameters, but is undertaking additional work to focus its investments to improve profitability if these unfavourable situations persist.

1.  At this date, the audit procedures carried out by the statutory auditors are in the process of being finalised
2.  FIA: Alternative investment funds for professional clients
3.  Activity developed as part of a civil mandate

Reuters BITI.PA / Bloomberg ABCA FP
EURONEXT Paris - Compartiment B
ISIN : FR0004040608

Contacts : abc-arbitrage.com

Relations actionnaires : [e-mail]

Relations presse : VERBATEE / [e-mail]

Attachment

• 2024 ABCA CP New Resultats FY 2023 VEng