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COMPANY ANNOUNCEMENT: Approval of financial statements and declaration of final dividend 16/05/2018

The following is a Company Announcement by Simonds Farsons Cisk plc pursuant to the Malta Financial Services Authority Listing Rules Chapter 5.

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The Board of Directors of Simonds Farsons Cisk plc (the “Company”) has on Wednesday, 16th May 2018 met and approved for publication the financial statements of the Company for the year ended 31st January 2018, and resolved to propose the same for the approval of the shareholders at the forthcoming Annual General Meeting of the Company to be held on 21st June 2018.

A Preliminary Statement of Annual Results for the year ended 31st January 2018, audited by PricewaterhouseCoopers and approved by the Board of Directors on 16th May 2018, is attached herewith and is available to the public on http://www.farsons.com/en/financial-statements

The Board of Directors of Simonds Farsons Cisk plc has resolved to recommend for the approval of the Annual General Meeting the distribution, out of tax exempt profits, of a final net dividend of €2,600,000, that is €0.0866 per ordinary share of €0.30, to be paid on 22nd June 2018.

An interim net dividend of €1,000,000, that is €0.0333 per ordinary share was approved at the Board Meeting held on 27th September 2017 and distributed to shareholders on 18th October 2017. Therefore, the total net dividend settled in cash to the ordinary shareholders relating to the financial year ended 31st January 2018 amounts to €3,600,000, that is €0.12 per ordinary share.

Furthermore, on 20th December 2017 the Company declared a net interim dividend of €37,211,000 (€1.2403667 per share) paid in kind through the distribution to shareholders of the Company’s entire shareholding in Trident Estates plc. being 30,000,000 ordinary shares of €1 each.  The Trident shares were admitted to the official list of the Malta Stock Exchange on 30th January 2018.

The Board of Directors has established 22nd May 2018 as the Effective Date on which all shareholders, then on the register of members, shall be entitled to receive notice of and attend the Annual General Meeting, be paid dividends declared by the General Meeting and appoint directors or vote at the election of Directors.

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Antoinette Caruana
Company Secretary