Dividends

On 24 March 2020, the Group announced that it was implementing a range of precautionary measures in light of Covid-19 to preserve liquidity and ensure it came through the crisis well positioned for growth. One of these actions was the suspension of the second interim dividend for 2019 of 12.5p per share, which was due to be paid on 6 April 2020.

In view of the impact on trading of Covid-19, the Board does not propose paying a first interim dividend for 2020 in respect of the financial performance for the six months ended 30 June 2020, as it normally would do at this time. The Group however recognises the importance of dividends to shareholders and will consider the scope for the payment of the suspended second interim dividend for 2019 and a full year dividend for 2020, having regard to any significant interruptions to trading from Covid-19 in the second half, as part of its overall review of the full year results.

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