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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Best Of The Best Plc | AQSE:BEST.GB | Aquis Stock Exchange | Ordinary Share | GB00B16S3505 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBOTB
RNS Number : 7963O
Best of the Best PLC
10 November 2016
Best of the Best plc
("Best of the Best", "BOTB" or "the Company")
Announcement of Special Dividend
Best of the Best plc, which runs competitions to win luxury cars online and at retail locations, is pleased to declare the return of approximately GBP1.0m to shareholders in the form of a special dividend of 10 pence per ordinary share (the "Special Dividend"). The Company continues to be both profitable and cash generative, benefits from a robust balance sheet and as such the Board deems it appropriate to return surplus funds to shareholders via the Special Dividend.
In order to pay the Special Dividend the Company is required to produce and file a new balance sheet with Companies House, demonstrating that it has sufficient distributable reserves. Accordingly, the Company will shortly file an unaudited Company balance sheet as at 30 September 2016.
The principal movements since the Company's last reported balance sheet of 30 April 2016, are the improvement in the cash and cash equivalents and an improvement in retained earnings as detailed below. As a result of profitable trading since 30 April 2016, at 30 September 2016 the Company had unaudited Cash and Cash Equivalents of GBP2,033,000 (YE 30 April 2016: GBP1,168,000), an increase of GBP865,000 and Retained Earnings of GBP1,262,000 (FY 30 April 2016: GBP595,000), an increase of GBP667,000. Copies of the full unaudited Company balance sheet as at 30 September 2016 will shortly be available from Companies House.
Following payment of the Special Dividend, the Company will retain cash balances in excess of GBP1.0 million, which the Directors consider to be sufficient working capital to fund its activities over the next 12 month period.
The Special Dividend will be paid on 2 December 2016 to shareholders on the register at the close of business on 18 November 2016. The Ex-dividend date is 17 November 2016.
Enquiries:
Best of the Best William Hindmarch, T: 020 7371 plc Chief Executive 8866 Rupert Garton, Commercial Director KTZ Communications Katie Tzouliadis T: 020 3178 6378 finnCap Ltd Matt Goode T: 020 7220 (Nominated Adviser) Carl Holmes 0500 Anthony Adams
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DIVBLBRTMBTMBMF
(END) Dow Jones Newswires
November 10, 2016 02:01 ET (07:01 GMT)
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