CRU Coral Products Plc

TIDMCRU

RNS Number : 5502N

Coral Products PLC

30 September 2021

30 September 2021

Coral Products plc

("Coral", the "Company" or the "Group")

Notice of Results and Completion of Roof Works

Coral expects to release its final results for the year to 30 April 2021 on 4 October 2021.

The Company confirms its proposal to pay a final dividend of 0.5p, making the total dividend 1p for the full year. It is proposed that the payment will be made 30 November 2021.

The Company is pleased to report that the roofing works, referred to in previous releases, has now, for all practical purposes, been completed. Under the terms agreed with the tenant we have made an application for a certificate of completion. This will allow the contracted sale of the property to proceed to completion. The net proceeds from the property sale will be GBP3.5m and will further strengthen our already strong balance sheet.

The board are pleased to report that trading and results, so far, this year are ahead of budget both in terms of sales and profits. This notwithstanding the well-publicised problems relating to costs of logistics, material price and availability, general Covid and Brexit related issues.

The board will update the market further at our Annual General Meeting.

ENQUIRIES:

Coral Products plc

Joe Grimmond, Executive Chairman Tel: 07703 518148

WH Ireland Nominated Adviser and Broker Tel: 020 7220 1666

Adrian Hadden

Darshan Patel

Megan Liddell

Jasper Berry (Corporate Broking)

Capital Markets Consultants Limited

Richard Pearson Tel: 07515 587184

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END

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(END) Dow Jones Newswires

September 30, 2021 05:33 ET (09:33 GMT)

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