Dividends and Dividend Policy
The Board of Directors declared an interim dividend for the 6-month period ended 30 June 2023 of 0.75p per share. However, in light of the Company’s financial performance and trading conditions during the second half of FY23, the Board decided that no further dividends would be declared for 12-month period ended 31 December 2023.
Given the strategy communicated to shareholders in May 2024, following the publication of the FY23 results the Board of Directors has indicated that it is highly unlikely that the Company will pay dividends in the near to medium term (define as FY24 to FY26).
The Board may revise or adapt the Group’s dividend policy from time to time in line with the actual results of the Group and the cash requirements of the Group’s activities. The ability of the Company to pay dividends is dependent on a number of factors including, inter alia, the results of the Group’s operations, its financial condition, anticipated cash requirements, regulatory capital requirements, future prospects and its profits available for distribution, and there can be no assurance that the Company will pay dividends or, if a dividend is paid, of the amount that dividend will be.”
