CMBN Cambian Group

TIDMCMBN

RNS Number : 7985O

Cambian Group PLC

23 August 2017

Cambian Group Plc

("Cambian" or the "Company")

ANNOUNCEMENT OF GBP50 MILLION RETURN OF CAPITAL

Following the sale of the adult services business at the end of 2016 for GBP379 million, Cambian announced its intention to return GBP50 million of capital to shareholders by way of a special dividend subject to a number of conditions including the creation of sufficient distributable reserves.

Cambian is pleased to announce that the conditions have now been satisfied and therefore the Directors of the Company have today declared a special dividend of 27.1p per Ordinary share, equating to a GBP50 million return of capital to shareholders. A payment of 27.1p per Ordinary share will be made on 15 September 2017 to ordinary shareholders on the register on 1 September 2017. The ex-dividend date is 31 August 2017.

ENDS

 
 
 
    Enquiries: 
 Cambian Group plc                  Tel: +44 (0) 20 8735 
                                     6150 
 Saleem Asaria, Chief Executive 
  Officer 
 Anoop Kang, Chief Financial 
  Officer 
 
 
 Instinctif Partners (PR Adviser)   Tel: +44 (0) 20 7457 
                                     2020 
 Mark Garraway 
 James Gray 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 23, 2017 07:00 ET (11:00 GMT)

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