Stewart & Wight PLC Dividend declaration and Property disposal (4716W)

TIDMSTE

RNS Number : 4716W

Stewart & Wight PLC

09 February 2017

STEWART & WIGHT PLC

845 FINCHLEY ROAD, LONDON NW11 8NA

TEL: +44 (0)20 8455 1111 FAX: +44 (0)20 8455 9191

ANNOUNCEMENT

9 February 2017

Interim Dividend

The Board of Directors of Stewart & Wight plc are pleased to announce the declaration of an interim dividend of 10p per ordinary 5p share in respect of the year ended 31 March 2017 payable on 4 April 2017 to all shareholders on the register on 3 March 2017. The ordinary shares of the Company will go ex-div on 2 March 2017.

Commercial Property Disposal

The Board is pleased to announce that on 8 February 2017 contracts were exchanged for the sale of the Company's property at 22 Thoroughfare, Woodbridge for the price of GBP716,000 less expenses. The property had been valued at GBP600,000 on 30 September 2016. The proceeds of sale would be used to reduce bank borrowings and to invest in further properties when the opportunity arose.

DAVID CRAMER

Director

For enquiries about buying and selling shares in Stewart and Wight Plc please contact Mr Lawrence Marshom, Walker Crips Stockbrokers Limited, Finsbury Tower,103-105 Bunhill Row, London ,EC1Y 8LZ.Telephone:44 (0)20 3100 8660

Registered office as above. Registered in England No. 57142

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 09, 2017 07:52 ET (12:52 GMT)

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