Coral Products PLC Trading Update and Dividend Declaration (6698I)
April 20 2022 - 2:10AM
UK Regulatory
TIDMCRU
RNS Number : 6698I
Coral Products PLC
20 April 2022
Coral Products plc
("Coral" or the "Company")
Trading Update and Dividend Declaration
Coral Products Plc, a specialist in the design, manufacture and
supply of plastic products, is pleased to report that unaudited
management accounts indicate that Sales and, following the sale of
land and building at Haydock, reportable pre-tax profits for the
year to 30 April 2022 will be materially above market
expectations.
The Board intends to declare a second interim dividend of 0.4p
per share. The ex-dividend date and record date for this interim
dividend will be 12 May 2022 and 13 May 2022 respectively.
This second interim dividend will be paid on 3 June 2022.
The Board will decide on any proposed final dividend on
completion of the audited results for the year.
Additionally, the distributable reserves have increased by
GBP500k arising from the release of the revaluation reserve
following the sale of the land and building at Haydock.
For further information please contact:
Coral Products plc Tel: 07703
Joe Grimmond, Executive Chairman 51 8148
Nominated Adviser & Broker
WH Ireland Limited Tel: 0207 220
Katy Mitchell 1666
Darshan Patel
Megan Liddell
Fraser Marshall (Corporate
Broking)
Capital Markets Consultants Tel: 07515
Limited 587 184
Richard Pearson
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as amended by The
Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the
publication of this announcement via Regulatory Information Service
this inside information is now considered to be in the public
domain.
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END
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