Dividend
In our full year results announcement released on 20 May 2015, the Board confirmed that subject to financial and trading performance in the financial year 2015/16 it expected to recommend a full year dividend of US4 cents per share. The Board retains that expectation.
We also announced on 22 October 2015 that the Company is in discussions with Liberty Global plc regarding a possible shares and cash offer for CWC. Following that announcement the Company is currently in an offer period for the purposes of the Takeover Code.
As a result, the Board has not declared an interim dividend at this time. However, the Board confirms it intends to declare an interim dividend of US1.33 cents per share in the event that the discussions with Liberty Global plc do not result in Liberty Global plc announcing a firm intention to make an offer for CWC in accordance with Rule 2.7 of the Code.
