Business
Return of Capital by way of special Dividend
Return of Capital by way of special Dividend.
About this update from Niox Group Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"UK MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of UK MAR. The persons taking responsibility for this announcement are the Company contacts named below.\n \n \nNIOX GROUP PLC\n(\"NIOX\" or the \"Company\" and, together with its subsidiaries, the \"Group\")\n \nReturn of Capital by way of Special Dividend\n \nFurther to the announcement on 18 May 2023 that the Board believes that the cash generation and resources of the Group are now at a level where it is appropriate to commence the payment of a dividend, the Company is pleased to announce that a special dividend of 2.5p per ordinary share will be paid on 15 September 2023 to shareholders on the register as at Friday 18 August 2023. The associated ex-dividend date will be Thursday 17 August 2023.\n \n \n \nIan Johnson, NIOX's Executive Chairman, said: \"I am pleased that the operating income we are now generating has enabled us to fund a special dividend in addition to meeting the ongoing operating needs of the business. We remain confident in the prospects for the business and now anticipate paying further dividends to shareholders from our ongoing cash flow.\"\n \n \nContacts\nNIOX\nIan Johnson, Executive Chairman Tel: +44 (0) 1865 405 560\nMichael Roller, Chief Financial Officer\n \nSinger Capital Markets (Nominated Adviser and Broker)\nAubrey Powell/ Jen Boorer Tel: +44 (0) 20 7496 3000\n \n \nAbout NIOX\...