Croma Security Solutions Group PLC Dividend Reinstated and Contract Win (0651W)
August 13 2020 - 5:00AM
UK Regulatory
TIDMCSSG
RNS Number : 0651W
Croma Security Solutions Group PLC
13 August 2020
13 August 2020
CROMA SECURITY SOLUTIONS GROUP PLC
("CSSG" or the "Group")
Reinstatement of Dividend and Contract Win
Croma Security Solutions Group Plc, the total security services
provider, is pleased to announce the reinstatement of the Company's
interim dividend. On 19 March 2020, as a precaution against the
potential impact of Covid-19, the Company cancelled the interim
dividend announced alongside the Interim Results. Having now
completed the financial year to 30 June 2020, it is clear the
impact of Covid-19 on Group has been light.
As a consequence, the Company intends to pay an interim dividend
of 0.75p per share on 4 September 2020 to shareholders with an
ex-dividend date of 20 August 2020 and an associated record date of
21 August 2020.
The Company is also pleased to confirm that post-year end, Croma
Vigilant has won a guarding contract from Savills to manage the
security for the Edinburgh St James centre. A GBP1 billion
redevelopment, the centre is a major scheme in the heart of
Edinburgh and is due to open in Spring 2021. The guarding contract
is for 3 years, worth GBP1.3 million annually and commences from 2
April 2021.
The centre includes retail, commercial and residential buildings
and under the new contract, Croma Vigilant will provide a range of
its premium guarding services including PROception. Led by
ex-policewoman Ruth McGowan, PROception was launched in 2019 and
brings the amalgamation of 3 key disciplines: reception, concierge
and security, to create the modern front of house professional.
Chairman, Sebastian Morley, said, "At the outbreak of the
Covid-19 pandemic in March we took the decision to cancel the
dividend until we gained greater visibility on the impact it might
have. Pleasingly, the impact has been slight, due in part to the
organisation and flexibility of our teams which maintained all
services at full strength. Having now completed the financial year,
we expect we will deliver a good financial performance and with no
borrowings and record levels of cash we are comfortable in
re-instating the interim dividend.
The Edinburgh St James centre security contract was a highly
competitive tender and as a team we are delighted to have been
chosen and believe our premium security services coupled with the
range of additional capabilities we are able to provide were
instrumental in securing this prestigious contract."
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014) ("MAR") prior to its release as part
of this announcement and is disclosed in accordance with the
Company's obligations under Article 17 of MAR.
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 / Fergus Young
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contact rns@lseg.com or visit www.rns.com.
END
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