Business
Interim Dividend, Capital Reduction & Notice of GM
Interim Dividend, Capital Reduction & Notice of GM.
About this update from Plexus Holdings
[{"type":"text","content":"\n \nRNS Number : 6625S Plexus Holdings Plc 13 March 2019 \n\nPlexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil Equipment & Services\n \n \n \n \nThis announcement contains inside information\n \nPlexus Holdings PLC ('Plexus' or 'the Company')\nDeclaration of Interim Dividend,\nProposed Cancellation of Share Premium Account\nand Notice of General Meeting\n \nPlexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce an interim dividend and a proposed reduction of capital.\nInterim Dividend\nThe Board considers the payment of dividends as an important means of returning value to Shareholders. Following the sale of the Company's jack-up exploration rental wellhead business and related assets to FMC Technologies Limited (\"TFMC\") in February 2018, the Board indicated that it would consider returning some of the cash arising from the TFMC transaction to Shareholders by way of a dividend, subject to the financial position and prospects of the Company. Accordingly, the Board is pleased to declare an interim dividend in an aggregate amount of £1,000,000 (equivalent to approximately 0.99566 pence per Ordinary Share (excluding the 4,950,495 Existing Ordinary Shares held in treasury)) (the \"Interim Dividend\") to all Shareholders showing on the Company's register of members as at the close of business on 22 March 2019, which is payable on 8 April 2019, subject to the requirements of the Act.\nThe Company's abridged and unaudited interim accounts for the 8-month period to 28 February 2019, which have been...