From the financial year commencing 1 April 2024 (FY2024/25), the Board will adopt a dividend policy of paying out between 30% and 50% of the Group’s underlying net profit. The Board believes this is a balanced policy taking into consideration the capital needs of the enterprise and sustainable returns to shareholders.

The Company will continue to declare interim and final dividends following the end of the first half and full financial year results.

Latest Dividend

For the half year ended 30 September 2024, the Board of Directors has declared an interim dividend of 0.34 cents per ordinary share (tax exempt one-tier). These condensed interim financial statements do not reflect this dividend, which will be accounted for in shareholders’ equity as an appropriation of retained earnings in the half year and full year ending 31 March 2025.

The interim dividend of 0.34 cents per ordinary share will be paid on 2 December 2024. The transfer book and register of members of the Company will be closed on 20 November 2024 for the preparation of dividend warrants. Duly completed registrable transfers of the ordinary shares in the capital of the Company received by the Company’s registrar up to 5.00 pm on 19 November 2024 will be registered to determine members’ entitlements to the interim dividend.