REG - B&M European - Special Dividend

B&M European Value Retail SAAnnouncement

09/12/2021 07:00

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RNS Number : 0331V  B&M European Value Retail S.A.  09 December 2021

 

 

9 December 2021

B&M European Value Retail S.A.

 

Announcement of Special Dividend

 

B&M European Value Retail S.A. (the "Company") announces that the Board
has declared a special dividend of 25.0p per share, equating to approximately
£250m in total.

 

At its FY22 Interim results on 11 November 2021, the Company announced
continued strong performance versus pre-pandemic levels, with ongoing
evaluation of its leverage and cash position.

 

As a result of that evaluation, the Board has now determined to return surplus
cash to shareholders in line with the Company's capital allocation framework.

 

The special dividend will be paid on 14 January 2022 to shareholders on the
register of the Company on 17 December 2021. The Company will provide its Q3
FY22 Trading Update on 11 January 2022.

 

This announcement contains inside information which is disclosed in accordance
with the Market Abuse Regulation.

 

1.     Dividends are stated as gross amounts before deduction of
Luxembourg withholding tax which is currently 15%.

 

 

Enquiries

 

B&M European Value Retail S.A.

For further information please contact +44 (0) 151 728 5400 ext 5763

Simon Arora, Chief Executive

Alex Russo, Chief Financial Officer

Jonny Armstrong, Head of Investor Relations

Investor.relations@bandmretail.com

 

Media

For media please contact +44 (0) 207 379 5151

Sam Cartwright, Maitland

bmstores-maitland@maitland.co.uk (mailto:bmstores-maitland@maitland.co.uk)

 

 

 

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