Second Interim Dividend

 

TIDMSTT 
 
RNS Number : 1038I 
Straight PLC 
04 March 2010 
 

Date:                           4 March 2010 
On behalf of:               Straight plc ("Straight" or "the Group") 
For immediate release 
 
Straight plc 
* Second Interim Dividend 
 
The Board of Straight plc (AIM: STT), the environmental products and services 
group, is pleased to announce that it has agreed to pay a second interim 
dividend of 1.5p per share for the year ended 31 December 2009 to shareholders 
whose names are on the register at the close of business on 12 March 2010. 
 
It is still expected that a final dividend will be paid in due course. The 
payment of a second interim dividend is not expected to be a recurring event. 
 
Combined with the first interim dividend of 1.3p per share, the Group will have 
paid total interim dividends for the year to date of 2.8p per share, 93% of the 
full year dividend of 3.0p paid for the year ended 31 December 2008. 
 
The payment schedule is detailed below: 
 
* Ex Dividend Date: 10 March 2010* 
* Record Date: 12 March 2010** 
* Payment date: 30 March 2010 
 
 
* Shares bought on or after the ex-dividend date will not qualify for the 
dividend. 
** Shareholders must be on the Straight plc share register on this date to 
receive the dividend. 
 
For further information, please contact 
 
+----------------------------------------+----------------------+ 
| Straight plc                           |                      | 
+----------------------------------------+----------------------+ 
| Jim Mellor, Finance Director           | 0113 245 2244        | 
+----------------------------------------+----------------------+ 
|                                        |                      | 
+----------------------------------------+----------------------+ 
| Panmure Gordon                         |                      | 
+----------------------------------------+----------------------+ 
| Andrew Godber                          | 0207 459 3600        | 
+----------------------------------------+----------------------+ 
|                                        |                      | 
+----------------------------------------+----------------------+ 
| Redleaf Communications                 |                      | 
+----------------------------------------+----------------------+ 
| Paul Dulieu / Kathryn Hurford          | 0207 566 6700        | 
+----------------------------------------+----------------------+ 
 
 
Notes to Editors 
 
* Straight plc is the UK's leading supplier of specialist kerbside recycling 
containers as well as a key supplier of a broad range of waste and recycling 
container solutions. Founded in 1993 by the current Chief Executive, Jonathan 
Straight, the business has since supplied more than 12 million kerbside 
recycling boxes to local authorities across the UK, securing its position as the 
industry leader. 
 
* In 2005, Straight acquired Blackwall Limited, the UK's largest supplier of 
home composters and water butts. Through the Blackwall brand, Straight has 
delivered more than 3.5 million compost bins and water butts. 
 
* The business operates through two divisions. The core Trade Business supplying 
products in bulk to local authorities, utilities, the waste industry, retailers 
and other businesses and the Retail Business supplying a range of proprietary 
environmentally friendly consumer products directly to the public, often in 
partnership with a local authority or a utility. 
 
* Straight operates a radical business model with all manufacture outsourced on 
an international basis. Most production is local to the end market keeping 
freight movements and associated emissions to a minimum. 
 
* In February 2009, Straight added to its portfolio with the acquisition of 
Harcostar Garden Products, a long established premium brand consisting of water 
butts, compost bins, watering cans and accessories. This has gained new 
distribution channels for the business in the UK and in Europe. 
 
* Straight plc has established diverse overseas sales channels and is now 
producing and selling water butts in Australia as well as strong initial sales 
in the United States and Canada. 
 
* Further information about the company and its products can be found at: 
www.straight.co.uk 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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