Business
Prelim Announcement 2010
Prelim Announcement 2010.
About this update from Jersey Electricity Plc Class A
[{"type":"text","content":"\n RNS Number : 1292Y Jersey Electricity Company Ld 17 December 2010 \n\n \n \n Jersey Electricity plc \n Preliminary Announcement of Annual Results\nYear Ended 30 September 2010\n \n \n \nAt a meeting of the Board of Directors held on 16 December 2010, the final accounts for the Group for the year to 30 September 2010 were approved, details of which are attached. \nThe financial information set out in the announcement does not constitute the Company's statutory accounts for the year ended 30 September 2010 or 2009, but is derived from those accounts. Statutory accounts for 2009 have been delivered to the Jersey Registrar of Companies and those for 2010 will be delivered in early 2011. The auditors have reported on those accounts and their reports were unqualified. \nA final dividend of £1.24 on the Ordinary and 'A' Ordinary shares in respect of the year ended 30 September 2010 was recommended, which together with the interim dividend of £0.81, makes a total proposed dividend declared for the year of £2.05 on each £1 share. In addition a special dividend of £0.65 was declared to distribute a £1m windfall receipt received from an Associate Company.\n \nThe final dividend and special dividend will be paid on 31 March 2011 to those shareholders registered in the books of the Company on 25 February 2011. A dividend on the 5% cumulative participating preference shares of 1.5% (2009:1.5%) payable on 1 July 2011 was also recommended.\n \nThe Annual General Meeting of the Company will be held on 3 March 2011.\n \n \n \nM.P. Magee &nbs...