Hotel Chocolat Group PLC Interim Dividend (4948I)
April 02 2020 - 2:00AM
UK Regulatory
TIDMHOTC
RNS Number : 4948I
Hotel Chocolat Group PLC
02 April 2020
2 April 2020
Hotel Chocolat Group plc
(" Hotel Chocolat ", the "Company" or the "Group")
Interim Dividend
Following the successful equity placement on 20 March the Board
has decided to cancel the proposed interim dividend, which was due
to be paid on 15 April 2020 to shareholders on the register on 6
March 2020 .
In the Board's opinion, it is more prudent to retain the cash in
the business for deployment in service of long-term growth. The
Board intends to reinstate payment of dividends when it is
appropriate to do so.
Angus Thirlwell, Co-founder and Chief Executive Officer of Hotel
Chocolat, commented:
"We are committed to keeping the Hotel Chocolat family together
during these challenging times. We also remain confident in the
Company's longer-term growth plans in the UK, the USA and Japan,
and want to ensure that we maximise the resources available to the
Group to leverage these opportunities, as well as others which may
develop when we all emerge from the current crisis. My Co-founder,
Peter Harris, and I are confident that, by forgoing our own
dividend payments on this occasion, the Company's long-term outlook
will be even brighter."
For further information:
Hotel Chocolat Group plc c/o Citigate + 44 (0) 20 7638 9571
Angus Thirlwell, Co-founder and Chief
Executive Officer
Peter Harris, Co-founder and Development
Director
Matt Pritchard, Chief Financial Officer
Liberum Capital Limited - Nominated Advisor and
Broker + 44 (0) 20 3100 2222
Clayton Bush
James Greenwood
Miquela Bezuidenhoudt
Citigate Dewe Rogerson - Financial PR + 44 (0) 20 7638 9571
Angharad Couch
Ellen Wilton
Kieran Farthing
Notes to Editors:
Hotel Chocolat is a premium British chocolatier with a strong
and distinctive brand. The business was founded in 1993 by Angus
Thirlwell and Peter Harris and has traded under the Hotel Chocolat
brand since 2003. The Group sells its products online and through a
network of locations in the UK and abroad. The Group has a cacao
plantation and eco-hotel in Saint Lucia, offering complete cacao
immersion through tree-to-bar experiences and wellness treatments.
The Group also has a flagship restaurant and cacao roastery in
London's Borough Market: Rabot 1745. The Group was admitted to
trading on AIM in 2016.
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END
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