Kitwave Regulatory News (KITW)

04 March 2024

Kitwave Group plc

("Kitwave", the "Group" or the "Company")

Dividend Timetable

Kitwave Group plc (AIM: KITW), the delivered wholesale business, announced on 27 February 2024 the Board's proposal to pay a final dividend totalling 7.45p per ordinary share in respect of the twelve months ended 31 October 2023.

This will be presented to shareholders for approval at the Annual General Meeting of the Company to be held on 22 March 2024.

The dividend will be paid on 26 April 2024 to shareholders on the register of members as at close on 5 April 2024, the ex-dividend date will be 4 April 2024.

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Company Overview

Founded in 1987, following the acquisition of a single-site confectionery wholesale business based in North Shields, United Kingdom, Kitwave is a delivered wholesale business, specialising in selling and delivering impulse products, frozen, chilled and fresh foods, alcohol, groceries and tobacco to approximately 42,000, mainly independent, customers.

With a network of 30 depots, Kitwave is able to support delivery throughout the UK to a diverse customer base, which includes independent convenience retailers, leisure outlets, vending machine operators, foodservice providers and other wholesalers, as well as leading national retailers. 

The Group's growth to date has been achieved both organically and through a strategy of acquiring smaller, predominantly family-owned, complementary businesses in the fragmented UK grocery and foodservice wholesale market.

Kitwave Group plc (AIM: KITW) was admitted to trading on AIM of the London Stock Exchange on 24 May 2021.

For further information, please visit: www.kitwave.co.uk.