United Carpets Group plc Special Dividend (7822E)
May 11 2017 - 2:01AM
UK Regulatory
TIDMUCG
RNS Number : 7822E
United Carpets Group plc
11 May 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION (EU) 596/2014 (MAR). ON PUBLICATION OF
THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE
IN THE PUBLIC DOMAIN.
UNITED CARPETS GROUP plc
Declaration of Special Dividend
United Carpets Group plc ("the Group" or "the Company" or
"United Carpets"), the third largest chain of specialist retail
carpet and floor covering stores in the UK, is pleased to announce
a special dividend of 1.0 pence per share. This dividend will be
paid on 25 May 2017 to all shareholders on the register at the
close of business on 19 May 2017. The ex-dividend date will be on
18 May 2017
In order for the Company to be in a position to pay the special
dividend, it must have distributable reserves. Therefore, in order
to satisfy this requirement, the Company has delivered to Companies
House its Company unaudited interim results for the six month
period ended 30 September 2016 which formed part of the
consolidated Group interim results for the six month period ended
30 September 2016 which were previously announced on 16 December
2016.
Paul Eyre, Chief Executive, said:
"We are delighted to be able to declare a special dividend
today. This demonstrates the continuing, strong cash generation of
the Company, reflecting the improvements made in the business over
the last few years and rewards our shareholders for their continued
support and loyalty. Dividend distributions will remain an
important part of the Board's strategy going forwards and when
deciding on future, regular dividend payments, we will consider
modest reductions in dividend cover subject to any overriding
requirements of the business to fund future growth."
Enquiries:
United Carpets Group plc
Paul Eyre, Chief Executive
Ian Bowness, Finance Director 01709 732 666
Novella Communications Ltd
Tim Robertson
Toby Andrews 020 3151 7008
Cantor Fitzgerald Europe
Mark Milmo, Catherine Leftley (Corporate Finance)
David Banks (Sales) 020 7894 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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