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RM recommends 3.8p a share final divi

23 March 2016 11:12

RM chairman John Poulter said in the light of the strong performance of the business in 2015, directors are recommending a final dividend of 3.80p a share, which would constitute, at 5p in total, a hike of 25% over the prior year."

"The UK market for educational products and services remains subdued. Trading in the first quarter has been consistent with the Board's expectations, taking into account the usual seasonal pattern of demand," he said in a statement to be read at RM's AGM today.

"Cash and short-term deposits as at 29th February were £34.4m. This is after an £8m cash payment into the RM defined benefit pension scheme as agreed as part of the triennial valuation deficit recovery plan announced in December 2015."

At 11:12am: (LON:RM.) RM PLC share price was -0.75p at 135.25p

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