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Share Name Share Symbol Market Type Share ISIN Share Description
Colefax Group Plc LSE:CFX London Ordinary Share GB0002090453 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 335.00 320.00 350.00 335.00 335.00 335.00 900 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 86.4 5.1 39.3 8.5 47

Colefax Group PLC COVID-19 Impact and Interim Dividend Cancellation

23/03/2020 7:00am

UK Regulatory (RNS & others)


Colefax (LSE:CFX)
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From Feb 2020 to May 2020

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RNS Number : 1148H

Colefax Group PLC

23 March 2020

AIM: CFX

23 March 2020

COLEFAX GROUP PLC

("Colefax" or "the Group")

COVID-19 impact and cancellation of interim dividend

Trading up until mid-March was in line with management expectations reflecting customer activity predating the early stages of the COVID-19 pandemic. Until there is greater clarity about the full impact of the pandemic, it is very difficult to give accurate guidance on the future sales impact but it is likely to be significant. The Group has a strong balance sheet and the Board's priority is to conserve cash and manage the Group through the crisis as prudently as possible.

As a result of the uncertainty surrounding the future impact of the COVID-19 pandemic the Board of Colefax Group Plc has taken the decision to cancel payment of the interim dividend of 2.60p per share, which was due to be paid to shareholders on 9 April 2020. The Board will review the Group's dividend policy when there is greater clarity about the future impact of the pandemic.

Enquiries:

 
 Colefax Group plc     David Green, Chief    Tel: 020 7318 6000 
                        Executive 
                       Rob Barker, Finance 
                        Director 
 KTZ Communications    Katie Tzouliadis      Tel: 020 3178 6378 
                        Dan Mahoney 
 Peel Hunt LLP         Adrian Trimmings      Tel: 020 7418 8900 
  (Nominated Advisor    Andrew Clark 
  And Broker) 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 23, 2020 03:00 ET (07:00 GMT)

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