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Stock Spirits to pay special dividend

21 June 2016 08:08

Stock Spirits (STCK) announced a special dividend of 10p per share.

The board stated its primary focus is the turnaround of the Polish business and that should a material M&A transaction not be completed during 2016, then the board would seek to return capital to shareholders.

The dividend announcement recognises that the Group does not intend to undertake any material M&A during the remainder of 2016.

Stock Spirits' normal dividend policy remains and the interim dividend will be announced with half year results on 10 August.

The board intends to return approximately 100% of the company's 2016 net free cash flow to shareholders.

The company expects year end net debt to be broadly in line with net debt at the end of 2015. The special dividend will be paid on 27 July to shareholders registered on 7 July.

At 8:08am: (LON:STCK) Stock Spirits Group share price was 0p at 161p

Story provided by StockMarketWire.com

Related Company: STCK

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