REG - Marks Electrical Grp - Dividend Declaration

Marks ElectricalAnnouncement

24/11/2022 10:00

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RNS Number : 4974H  Marks Electrical Group plc  24 November 2022

Marks Electrical Group plc

(the "Company")

 

 

Further to the interim results announcement released on 8 November 2022, the
Company confirms that the interim dividend of 0.30p per share will be paid on
23 December 2022 to shareholders who are on the register at the close of
business on 2 December 2022.

 

 

Enquiries:

Marks Electrical Group plc  Via Dentons Global Advisors:

Mark Smithson, CEO
 
                        Tel: +44 (0)20 7664 5095

Josh Egan, CFO

Dentons Global Advisors (Financial PR)

Jonathon Brill / James Styles / Fern Duncan
 
       Tel: +44 (0)20 7664 5095

markselectrical@dentonsglobaladvisors.com
(mailto:markselectrical@dentonsglobaladvisors.com)

Panmure Gordon (NOMAD and Joint Broker)

Oliver Cardigan / Dougie McLeod (Corporate Finance)
                                              Tel: +44
(0) 207 886 2500

Erik Anderson (Corporate Broking)

Berenberg (Joint Broker)

Matthew Armitt / Michelle Wilson / Richard Bootle (UK Investment Banking)
                          Tel: +44 (0) 20 3207 7800

About Marks Electrical

Marks Electrical is a fast growing, highly scalable, technology driven
e-commerce electricals retailer which sells, delivers, installs and recycles a
wide range of household electrical products. The Group was founded in
Leicester in 1987 by Mark Smithson and has scaled up into a nationwide online
retailer with a compelling growth track record, thanks to its vertically
integrated, low-cost, high-quality operating model, supported by the ongoing
structural shift of consumers to purchase online. The Group operates within
the UK Major Domestic Appliances (MDA) and Consumer Electronics (CE) market,
estimated to be worth approximately £8.0 billion.

Primarily through its simple, clear and intuitive website -
markselectrical.co.uk - the Group offers over 4,000 products from over 50
leading brands across its main product categories, which include Cooking,
Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These
products are sourced from UK distributors of the brands, with whom the Group
maintains strong and direct relationships. Marks Electrical delivers direct to
customers in its owned and branded vehicles, operated by the Group's skilled
team of delivery drivers, who are also able to offer installation and
recycling services.

For further information, visit the Marks Electrical corporate
website:  https://group.markselectrical.co.uk
(https://group.markselectrical.co.uk/)   and its retail
website:  https://markselectrical.co.uk/ (https://markselectrical.co.uk/)
 .

 

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