CVR Conviviality

TIDMCVR

RNS Number : 7536H

Conviviality PLC

14 March 2018

14 March 2018

Conviviality Plc

(the "Company")

Update re: Interim Dividend

Conviviality Plc (AIM: CVR), the UK's leading independent wholesaler and distributor of alcohol and impulse serving consumers through its Franchised retail outlets and through hospitality and food service, announces that following the suspension of the Company shares from trading and pursuant to the steps being taken by the Company to address the short term funding requirement, the Board have resolved to cancel the interim dividend of 4.5 pence per share that was due to be paid on Friday 16 March 2018.

As a result of the cancellation of the dividend, the Company's cash position is improved by approximately GBP8.2 million.

Enquiries:

Conviviality Plc Tel: 01270 614 700

Diana Hunter, Chief Executive Officer

Mark Moran, Chief Financial Officer

   Investec (Nominated Adviser and Broker)                           Tel: 020 7597 5970 

Garry Levin / David Flin / Daniel Adams

FTI Consulting Tel: 020 3727 1000

Jonathon Brill / Georgina Goodhew / Fiona Walker

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 14, 2018 12:09 ET (16:09 GMT)

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