14 Mar 2018 16:09
14 March 2018
Conviviality Plc
(the "Company")
Update re: Interim Dividend
Conviviality Plc (AIM: CVR), the UK's leading independent wholesaler and distributor of alcohol and impulse serving consumers through its Franchised retail outlets and through hospitality and food service, announces that following the suspension of the Company shares from trading and pursuant to the steps being taken by the Company to address the short term funding requirement, the Board have resolved to cancel the interim dividend of 4.5 pence per share that was due to be paid on Friday 16 March 2018.
As a result of the cancellation of the dividend, the Company's cash position is improved by approximately £8.2 million.
Enquiries:
Conviviality Plc Tel: 01270 614 700Diana Hunter, Chief Executive OfficerMark Moran, Chief Financial Officer
Investec (Nominated Adviser and Broker) Tel: 020 7597 5970Garry Levin / David Flin / Daniel Adams
FTI Consulting Tel: 020 3727 1000Jonathon Brill / Georgina Goodhew / Fiona Walker