Stobart Group Limited Trading Update and Quarterly Dividend (2912Y)
02 Marzo 2017 - 8:00AM
UK Regulatory
TIDMSTOB
RNS Number : 2912Y
Stobart Group Limited
02 March 2017
2 March 2017
Stobart Group Limited ("Stobart" or the "Group")
Trading Update and Quarterly Dividend
Stobart Group, the infrastructure and support services group,
issues the following trading update prior to the announcement of
its results for the year ended 28 February 2017 which is expected
to be made on 11 May 2017.
Stobart Group expects underlying results for the year ended 28
February 2017 to be in line with management expectations.
Following the announcement on 24 February 2017 of the
acquisition of the remaining interests in its aircraft leasing
business, Propius Holdings Limited ("Propius"), and Everdeal
Holdings Limited, the holding company of Stobart Air, the results
for the year ended 28 February 2017 will incorporate the results of
Propius and Stobart Air within Stobart Aviation from their
respective acquisition dates.
We reported in the AGM statement in June 2016 an expectation to
pay a quarterly dividend commencing in October 2016. Dividends of
3.0p per share were paid on 7 October 2016 and 20 January 2017 and
the Board has now declared a further interim dividend of 3.0p per
share which will be paid on 7 April to shareholders on the register
as at 17 March 2017. Subject to Board approval, a further quarterly
dividend payment will be made on 7 July 2017.
Andrew Tinkler, CEO of Stobart commented "The focus of the last
twelve months has been to continue our progress towards the clear
targets for each of our growth divisions; Energy, Aviation and Rail
whilst realising value for shareholders from our Infrastructure and
Investments divisions. I am pleased with the progress we have made
across all parts of the Group this year and remain confident of
delivering growth and good returns for shareholders over the coming
years."
Enquiries:
Stobart Group Limited +44 20 7851 9090
Andrew Tinkler, Chief Executive Officer
Mark Adams, Chief Financial Officer
Redleaf Communications +44 20 7382 4730
Charlie Geller
Sam Modlin
influence Associates +44 20 7287 9610
Stuart Dyble
James Andrew
This information is provided by RNS
The company news service from the London Stock Exchange
END
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