ME Group International PLC Announcement of Special Dividend (8175W)
20 Abril 2023 - 1:00AM
UK Regulatory
TIDMMEGP
RNS Number : 8175W
ME Group International PLC
20 April 2023
20 April 2023
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (EU) 596/2014 as
amended by regulation 11 of the Market Abuse (Amendment) (EU Exit)
Regulations 2019/310.Upon the publication of this announcement,
this inside information is now considered to be in the public
domain.
ME GROUP INTERNATIONAL PLC
("the Group" or "the Company")
Announcement of Special Dividend
ME Group International plc (LON: MEGP), the instant-service
equipment group, is pleased to announce an additional return to
shareholders of GBP2,268,910 by way of a special dividend of 0.6
pence per ordinary share (the "Special Dividend") in respect of the
12 months ended 31 October 2022 ("FY 2022"). This brings the total
dividends awarded in respect of the FY 2022 period being 12.7 pence
per ordinary share.
The Board has considered the strong financial performance
delivered in FY 2022 as well as its immediate capital requirements
and has concluded that providing a one-off Special Dividend is an
appropriate way to return excess capital to shareholders. The
Special Dividend will be awarded to shareholders on the register as
at 28 April 2023 and will be paid on 19 May 2023. The ex-dividend
date is 27 April 2023.
The Special Dividend is in addition to the previously announced
final dividend (the "Final Dividend") of 3.0 pence per ordinary
share in respect of FY 2022, which totals GBP11,344,549. Subject to
approval at the Company's AGM on 28 April 2023, the Final Dividend
will be paid to shareholders on 12 May 2023.
Going forward, the Company will continue to seek to pay annual
dividends in excess of 50% of its annual profits after tax subject
to market and capital requirements. This total will be split
between interim dividends (1/3) (generally to be paid in the month
of November) and final dividends (2/3) (generally to be paid in the
month of May).
Current trading
The FY 2023 financial year has progressed well, with performance
in line with the Board's expectations. The Group expects to achieve
revenue of between GBP280 million and GBP300 million, EBITDA
between GBP95 million and GBP105 million and profit before tax
between GBP61 million and 65 million.
The Group will announce a Trading Update in early June, ahead of
the publication of its Interim Results for the six months ending 30
April 2023 which it intends to announce in July 2023.
Enquiries:
ME Group International +44 (0) 1372 453 399 | ir@me-group@hudsonsandler.com
plc
Serge Crasnianski, CEO
Stéphane Gibon, CFO
Hudson Sandler +44 (0) 20 7796 4133 | me-group@hudsonsandler.com
Wendy Baker/Nick Moore/
Ben Wilson
NOTES TO EDITORS
ME Group International plc (LSE: MEGP) operates, sells and
services a wide range of instant-service vending equipment,
primarily aimed at the consumer market.
The Group operates vending units across 19 countries and its
technological innovation is focused on four principal areas:
-- Photo.ME - Photobooths and integrated biometric identification solutions
-- Wash.ME - Unattended laundry services and launderettes
-- Print.ME - High-quality digital printing kiosks
-- Feed.ME - Vending equipment for the food service market
In addition, the Group operates other vending equipment such as
children's rides, amusement machines, and business service
equipment.
Whilst the Group both sells and services this equipment, the
majority of units are owned, operated and maintained by Me Group
International plc. The Group pays the site owner a commission based
on turnover, which varies depending on the country, location and
the type of machine.
The Group has built long-term relationships with major site
owners and its equipment is generally sited in prime locations in
areas of high footfall such as supermarkets, shopping malls
(indoors and outdoors), transport hubs, and administration
buildings (City Halls, Police etc.). Equipment is maintained and
serviced by an established network of 650 field engineers.
In August 2022 the Company changed its listed entity name to ME
Group International plc (previously Photo-Me International plc) to
better reflect the Group's diversification focus and business
strategy.
The Company's shares have been listed on the London Stock
Exchange since 1962.
For further information: www.me-group.com
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END
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