B&M European Value Retail S.A. (the "Company") announces that the Board has declared a special dividend of 25.0p per share, equating to approximately £250m in total.
At its FY22 Interim results on 11 November 2021, the Company announced continued strong performance versus pre-pandemic levels, with ongoing evaluation of its leverage and cash position.
As a result of that evaluation, the Board has now determined to return surplus cash to shareholders in line with the Company's capital allocation framework.
The special dividend will be paid on 14 January 2022 to shareholders on the register of the Company on 17 December 2021. The Company will provide its Q3 FY22 Trading Update on 11 January 2022.