REG - Coral Products PLC - Trading Update and Dividend Declaration

Coral ProductsAnnouncement

20/04/2022 07:00

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RNS Number : 6698I  Coral Products PLC  20 April 2022

Coral Products plc

("Coral" or the "Company")

Trading Update and Dividend Declaration

Coral Products Plc, a specialist in the design, manufacture and supply of
plastic products, is pleased to report that unaudited management accounts
indicate that Sales and, following the sale of land and building at Haydock,
reportable pre-tax profits for the year to 30 April 2022 will be materially
above market expectations.

The Board intends to declare a second interim dividend of 0.4p per share. The
ex-dividend date and record date for this interim dividend will be 12 May 2022
and 13 May 2022 respectively.

This second interim dividend will be paid on 3 June 2022.

The Board will decide on any proposed final dividend on completion of the
audited results for the year.

Additionally, the distributable reserves have increased by £500k arising from
the release of the revaluation reserve following the sale of the land and
building at Haydock.

For further information please contact:

 Coral Products plc                     Tel: 07703 51 8148

 Joe Grimmond, Executive Chairman
 Nominated Adviser & Broker

 WH Ireland Limited                     Tel: 0207 220 1666

 Katy Mitchell

 Darshan Patel

 Megan Liddell

 Fraser Marshall (Corporate Broking)
 Capital Markets Consultants Limited    Tel: 07515 587 184

 Richard Pearson

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019. Upon the publication of this announcement via Regulatory
Information Service this inside information is now considered to be in the
public domain.

 

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