Announcement
CORPACT: BGP: Special Dividend and Market Update
08:39am
BGP
11/12/2020 08:39
CORPACT
PRICE SENSITIVE
REL: 0839 HRS Briscoe Group Limited
CORPACT: BGP: Special Dividend and Market Update
Briscoe Group Limited (NZX/ASX code: BGP)
The directors of Briscoe Group Limited announce that today they resolved to
pay shareholders a special fully imputed dividend of 6.0 cents per share.
The dividend will be paid on Wednesday 20 January 2020 with the share
register closing to determine entitlements to the dividend at 5pm on 24
December 2020. The special dividend payment also includes a supplementary
payment to overseas shareholders of $0.010588 per share.
Board Chair, Dame Rosanne Meo said, "We're delighted to be able to provide
this additional return to our shareholders in a year which has produced
incredible highs and lows. The Group's cash position is very strong as a
result of the previously cancelled $28 million dividend back in March but
also from the continued exceptional trading experienced since New Zealand
came out of lockdown in May.
"This sustained performance assisted us in being able to repay all of the
$11.5 million of wage subsidy for which we received a huge amount of positive
customer and shareholder feedback. We're extremely proud of how we supported
our employees in full through-out this difficult year and there were no
redundancies or permanent store closures.
"As I commented in our 3rd quarter sales announcement made early November,
the results being produced are a real credit to the team led by Rod. The
energy and success of the team in continuing with new developments and
initiatives during this extraordinary period has far exceeded the Board's
expectations."
Group Managing Director, Rod Duke said, "Trading has continued to be strong
as we approach the half-way stage of our crucial final quarter. Our Black
Friday promotions produced record sales for the Group which augurs well for
trading in the lead-up to Christmas and through to our year-end on 31 January
2021. I am confident that with the current trading momentum we can produce a
full-year result in excess of the $62.6 million reported for the year ended
January 2020."
The Group is due to report its 4th quarter sales on Tuesday 9 February 2021
and its full-year results, including announcement of final dividend, on
Tuesday 16 March 2021.
Friday 11 November 2020
Contact for enquiries:
Rod Duke
Group Managing Director
Tel: +64 9 815 3737
End CA:00364834 For:BGP Type:CORPACT Time:2020-12-11 08:39:21
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