Kingspan Group PLC Dividend Declaration (8101G)
19 Marzo 2020 - 6:00AM
UK Regulatory
TIDMKGP
RNS Number : 8101G
Kingspan Group PLC
19 March 2020
Kingspan Group plc
Dividend update
19 March 2020
Kingspan Group plc, the global leader in high performance
insulation and building envelope solutions, provides the following
update.
Since Kingspan's preliminary results announcement on 21 February
2020 the global trading environment has significantly changed due
to the unprecedented challenges presented by COVID 19.
In light of this, we have today decided to withdraw the proposal
at the Company's forthcoming AGM for a final dividend of 33.5c per
share, in respect of the financial year to 31 December 2019. The
Group has in excess of EUR1 billion in aggregate of cash balances
on hand and committed undrawn bank facilities and maintains its
strong balance sheet.
We are in a rapidly evolving trading environment and Kingspan
will issue its next trading update on 30 April 2020 in advance of
the AGM.
Lorcan Dowd
Group Company Secretary
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END
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