The Mission Group PLC Board has taken confidence from the strong trading performance in H1 as well as the wider economic recovery so is declaring an interim dividend of 0.80 pence (2020: nil). This represents a 4% increase over the 2019 equivalent. This will be payable on 3 December 2021 to all shareholders on the register on 5 November 2021. The ex-dividend date is 4 November 2021.
Other financial highlights include:
Net bank debt of £3.9m (30 June 2020: £0.9m, 31 December 2020: £1.2m). £4.5m of deferred payments (HMRC, dividend) settled in the period. Underlying cash management therefore strong against these comparators.
Bank debt leverage ratio closed at 0.7x (30 June 2020: 0.1x, 31 December 2021 0.6x).