Coral Products PLC Replacement: Trading Update & Dividend Declaration (7776I)

TIDMCRU

RNS Number : 7776I

Coral Products PLC

20 April 2022

The following amendment has been made to the 'Trading Update and Dividend Declaration' announcement released on 20 April 2022 at 7:00 under RNS No 6698I.

'The second interim dividend will be paid on 1 June 2022' instead of 3 June 2022 due to the additional U.K. bank holiday.

All other details remain unchanged.

The full amended text is shown below.

Coral Products plc

("Coral" or the "Company")

Replacement: 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 1 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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April 20, 2022 07:33 ET (11:33 GMT)

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