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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cambian Group | LSE:CMBN | London | Ordinary Share | GB00BKXNB024 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 192.40 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMCMBN
RNS Number : 6533J
Cambian Group PLC
30 June 2017
30 June 2017
Cambian Group plc
Conclusion of transitional services agreement
Update on return of capital
As part of the sale of its adult services business in late 2016, Cambian committed to provide certain shared services to the buyer for a period of up to nine months under a transitional services agreement. We are pleased to report that the provision of these services ended on 28 June, allowing management to fully focus on being a high quality provider of specialist behavioural health services for children in the UK.
As reported on 26 April 2017, Cambian intends to return GBP50 million of capital to shareholders by way of a special dividend, the declaration of which remains subject to a number of conditions, including creation of sufficient distributable reserves and final Board approval. Good progress has been made and we expect to be in a position to announce further details of the special dividend in August, with payment thereafter.
Enquiries:
Cambian Group plc +44 (0)20 8735 6150 Saleem Asaria, Chief Executive Officer Martin Hopcroft, Chief Financial Officer Instinctif Partners +44 (0)20 7457 2020 Mark Garraway James Gray
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFLMFTMBJTBIR
(END) Dow Jones Newswires
June 30, 2017 02:00 ET (06:00 GMT)
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