The Barr (AG) Board is recommencing dividend distributions with an interim dividend for the 27 weeks ended 1 August 2021 of 2.0 pence per share (2020/21 : nil) payable on 29 October 2021 to shareholders on the register on 8 October 2021.
In addition they are announcing a special dividend of 10.0 pence per share payable on 29 October 2021 to shareholders on the register on 8 October 2021. During the period of dividend suspension the Group benefited from a number of one-off cash inflows that were outside normal trading. These included the payment received relating to the termination of the Rockstar franchise agreement, compensation for the removal of a wind turbine at their Cumbernauld site and the disposal of certain surplus property, primarily distribution depots. Following a review of the Group's current net cash position and future funding requirements, the Board concluded that a one-off special dividend should be distributed to shareholders, recognising the one-off and non-operating nature of the cash receipts.