Tristel PLC Special Dividend and notice of results (4436Q)
June 18 2015 - 2:00AM
UK Regulatory
TIDMTSTL
RNS Number : 4436Q
Tristel PLC
18 June 2015
18 June 2015
Tristel plc
("Tristel" or the "Company")
Special Dividend and notice of results
Tristel plc (AIM: TSTL), the manufacturer of infection
prevention, contamination control and hygiene products declares a
special dividend of three pence per share payable on 6 August 2015
to shareholders on the register on 26 June 2015. The corresponding
ex-dividend date is 25 June 2015. The Company expects to declare a
final dividend for the year at the time of the preliminary results
which are expected to be announced on 12 October 2015.
Francisco Soler, Chairman, comments: "As I stated in February in
our half yearly report, my philosophy is that our business should
return to shareholders cash which is not required for future
earnings enhancing investments. We continue to generate significant
levels of cash after capital expenditure, interest, tax and
ordinary dividends paid in accordance with our stated dividend
policy. The prevailing policy is two times cover with one quarter
of our expectation for the full year pay-out paid as an interim
dividend.
Returning cash to shareholders at this juncture will not be at
the expense of investment in the business. We have a more exciting
pipeline of new product developments than I have seen at any time
in our corporate history. At the same time we are moving forward
with regulatory approvals in new, game-changing markets. Also,
during the past six months we have devoted a great deal of
management time to assessing the challenges of the Biocidal
Products Regulation and are now confident that the future costs
associated with it will be met comfortably from ongoing cash flow.
Accordingly, we have analysed in depth our future cash and
investment requirements and concluded that this special dividend is
surplus to them.
As stated in our trading update on 21 May 2015, the business is
making excellent progress in all of its markets and we view the
future with confidence."
For further information please contact:
Tristel plc www.tristel.com
Paul Swinney, Chief Tel: 01638 721 500
Executive Officer
Liz Dixon, Finance
Director
Walbrook PR Ltd Tel: 020 7933 8780 or tristel@walbrookpr.com
Paul McManus Mob: 07980 541 893
Lianne Cawthorne Mob: 07854 391 303
finnCap Tel: 020 7600 0500
Geoff Nash (Corporate
Finance)
Giles Rolls (Corporate
Finance)
Stephen Norcross (Corporate
Broking)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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