REG-Bodycote PLC: 2019 Dividend and AGM

BodycoteAnnouncement

23/04/2020 07:05

BODYCOTE PLC (the “Company”)

2019 Dividend and AGM

23 April 2020

As reported in our statement of 6 April 2020, Bodycote has a very strong
balance sheet and can withstand a significant disruption to trading
conditions. We also noted that, given the uncertainty in the current
environment, the Board would be keeping the proposal for the final 2019
dividend under review. After due consideration, the Board has determined that,
given the current uncertainty, it is in the best interests of all stakeholders
to defer the decision on the 14 pence per share dividend proposed with the
announcement of the 2019 results in February until there is greater clarity
around the severity of the COVID-19 related disruption. The Board recognises
the importance of the dividend to shareholders and whilst it remains its
intention to pay a further dividend relating to 2019, the timing of any
payment will be contingent on prevailing trading conditions over the coming
months, together with the global economic outlook beyond this period. An
update on the dividend payment will be provided in Q3 2020.

Bodycote’s AGM will be held on 28(th) May 2020 as previously published. 
Shareholders (other than two senior executives) will not be able to attend the
meeting in person.  Shareholders will still be able to vote by proxy using
the usual online facilities and by post.   A poll will be taken on each of
the resolutions put to the meeting and the results will be posted on the
Company website.  Given the deferral of the proposed dividend payment, a
resolution to approve a final dividend will not be put to Shareholders at the
AGM. 

For further information, please contact:
 

Bodycote
Stephen Harris, Chief Executive Officer
Dominique Yates, Chief Financial Officer
Tel No +44 (0)1625 505 300

FTI Consulting
Richard Mountain
Susanne Yule
Tel No +44 (0)203 727 1340



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