Hansard Global increases its 2015 interim dividend by 2.9%

DividendMax Ltd.

Hansard Global increases its 2015 interim dividend by 2.9%


In line with our strategic plan we have successfully entered into business relationships with significant IFA networks and other institutions in our target markets which will provide a platform for sustainable and diversified new business flows;

IFRS profits of £6.6m are in line with the comparative period and in line with expectations;

EEV profit after tax of £6.6m (H1 2014: £2.2m loss) reflects improved market performance and the strengthening of the US dollar against sterling over the period. The low level of new business in the period resulted in a negative contribution from new business;

The increased interim dividend of 3.5p per share is funded by positive operating cash flows;

Our estimate of the Group's exposure, including professional costs, in relation to the issue of Chargeable Events Certificates announced in FY 2014, remains unchanged at £5.0m;

There has been no material change in the litigation against Hansard Europe. Writs totalling approximately £5.4m remain outstanding (30 June 2014: £5.2m). We continue to defend these claims strenuously.

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