TIDMNWKI
RNS Number : 3945A
Networkers International PLC
08 October 2009
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NETWORKERS INTERNATIONAL PLC
(AIM: NWKI)
Special Dividend Payment
Following the previously announced disposal of the Middle East joint venture for
a total cash consideration of GBP2.2m, the Board of Networkers International Plc
('Networkers' or 'the Group'), the AIM-listed international recruitment
company, is pleased to announce that it has decided to pay a one off special
dividend of approximately GBP2 million or 2.1p per ordinary share. The disposal
has contributed to strong cash flows being produced by the operating business,
and resulted in the Group net debt being reduced from GBP20.7m (December 2006)
to GBP2.9 million (June 2009), and this has continued to reduce since the
interim period.
The special dividend will be paid on 13th November to shareholders on the
register on 16th October 2009. The shares will become ex-dividend on 14th
October 2009.
Hereafter the Board intends to adopt a progressive dividend policy to be
calculated at 25 per cent of retained earnings.
Enquiries:
Networkers International 020 8315 9000
Spencer Manuel, CEO
Jon Plassard, CFO
www.networkersint.com
Seymour Pierce Limited 020 7107 8000
Richard Feigen
Catherine Leftley
Bishopsgate Communications Ltd020 7562 3350
Maxine Barnes
Gemma O'Hara
This information is provided by RNS
The company news service from the London Stock Exchange
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