Update25 Oct 2017 08:41
Another good update
At today�s AGM, Avril Palmer-Baunack, chairman of Redde plc will be making the following statement regarding dividends and by way of an update on current trading of the business in respect of the period from 1 July to 24 October 2017. Unless otherwise stated, the financial and operational data, where identified, relates to the 3 month period that ended on 30 September 2017.
Dividends
Shareholders are being asked today to approve a final dividend of 5.60 pence per share, amounting to �17.0m which, if approved, will be paid on Thursday 2 November 2017 to those shareholders who were on the register at the close of business on Friday 6 October 2017. This dividend, if approved, will result in total Ordinary Dividends in respect of the year ended 30 June 2017 amounting to 10.60 pence per share totalling �32.2m in aggregate and will result in the payment of our twelfth consecutive dividend since June 2013. Payments since that date will amount to �105m representing 38p per share.
Current Trading
The positive start to the new financial year, which I described in my statement of 6 September 2017, has continued since that date. Sales show an increase over the corresponding period last year reflecting continued growth in trading volumes and, as a consequence, trading profits are ahead of the corresponding period last year. Early indications are that this trend has continued during October and the Board remains confident about the Group�s prospects for the financial year as a whole.