Croma Security Solutions Group PLC Cancellation of Dividend (8521G)
20 March 2020 - 2:01AM
UK Regulatory
TIDMCSSG
RNS Number : 8521G
Croma Security Solutions Group PLC
19 March 2020
.
19 March 2020
CROMA SECURITY SOLUTIONS GROUP PLC
("CSSG" or the "Group")
Cancellation of Dividend
In its interim results announced on 2 March 2020, CSSG announced
its intention to pay an interim dividend of 0.75p per share on 8
April 2020 to shareholders on the register on 26 March 2020. In
light of the impact of the Covid 19 outbreak and the recent marked
escalation in the measures being taken to combat it, the Directors
have decided to cancel the payment of this dividend .The Directors'
intention is to reinstate this dividend once there is greater
clarity as to the longer term impact of the outbreak on the Group's
business. The Board is evaluating the actions that it may take to
mitigate the impact of the outbreak on the Group, its business and
staff and its customers and to preserve the cash reserves of the
Group for the time being. The Directors believe that this is a
prudent course of action and is in the best long term interests of
the Group and its shareholders.
For further information contact:
Croma Security Solutions Group plc Tel: +44 (0)7768 006 909
Sebastian Morley, Chairman
WH Ireland Limited (NOMAD and Broker) Tel: +44 (0)207 220 1666
Mike Coe / Chris Savidge
Novella Communications Tel: +44 (0)203 151 7008
Tim Robertson / Toby Andrews
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END
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