SND.L Regulatory News (SND)

17 Oct 2005 07:00

Sanderson Group PLC17 October 2005 For immediate release17 October 2005 Sanderson Group plc Trading Update Sanderson Group plc ("the Group"), the provider of software and IT services toUK commercial markets, announces the following update on trading for the secondhalf of the year ended 30 September 2005 ahead of the preliminary announcementof full year results which is expected to be made on 16 November 2005. During the late Summer the Group experienced a slowdown in discretionary spendfrom its existing customers particularly in the manufacturing sector. As aresult, the directors anticipate that the Group's pro-forma revenues and profitbefore tax for the full year will be slightly below current market expectationsbut are expected to match last year's levels. In line with the Group's progressive dividend policy, the directors intend torecommend the payment of a final dividend of 1.4p per share which, together withthe interim payment of 1.1p per share made on 24 June 2005, will represent atotal dividend for the year of 2.5p per share. -ends- Enquiries: Christopher Winn, Executive Chairman Sanderson Group plc Tel: 02476 284325 Graeme Cull Arden Partners 0121 423 8960 Paul Vann Winningtons Financial 07768 807631 This information is provided by RNS The company news service from the London Stock Exchange