Last checked at 11 Feb 2010 10:32
PENNANT INTERNATIONAL GROUP PLC
(AIM: PEN)
Dividend Declaration
The Board is please to announce a return to the dividend list and has today declared a cash dividend of 1pence per share payable on 19 March 2010 to shareholders on the register on 19 February 2010. The ex-dividend date will be 17 February 2010. The dividend represents a payout of 0.66 pence for the year ended 31 December 2009 together with a special dividend of 0.34 pence.
The decision to pay a dividend at this stage is based on the return to profitability in line with expectations for the year ended 31 December 2010 together with the strong cash performance in the second half which was forecast in the Company's Interim Report. Cash balances increased from £268,000 at 30 June 2009 to £1,284,000 at 31 December 2009.
The Company expects to announce its preliminary results on 29 March 2010.
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| Pennant International Group plc | www.pennantplc.co.uk |
| John Waller, Finance Director | +44 (0) 1452 714881 |
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| WH Ireland Limited | www.wh-ireland.co.uk |
| Mike Coe / Marc Davies | +44 (0) 117 945 3470 |