In accordance with the Liontrust dividend policy, and to create more balance between the First and Second Interim dividends, the Board is declaring a First Interim dividend of 9.0 pence per share (2018: 7.0 pence) which will be payable on 3 January 2020 to shareholders who are on the register as at 29 November 2019, the shares going ex-dividend on 28 November 2019.
The Company has a Dividend Reinvestment Plan ("DRIP") that allows shareholders to reinvest dividends to purchase additional shares in the Company.
Adjusted profit before tax of £17.0 million (2018: £14.5 million), an increase of 17%
Profit before tax of £9.3 million (2018: £7.8 million), an increase of 19%. This includes costs of £7.7 million (2018: £6.7 million) relating to the amortisation of the related intangible asset and other non-cash and non-recurring costs (see note 6 below)
Gross Profit of £46 million (2018: £41 million), an increase of 12%.