HYDRO HOTEL EASTBOURNE PLC - Dividend Declaration PR Newswire

Hydro Hotel, Eastbourne, Plc announces dividend

13 December 2017

Hydro Hotel, Eastbourne, Plc announces that they have today (13 December 2017) declared a dividend for the year ended 31 October 2017. This is following a review of the provisional unaudited accounts for the year ended 31 October 2017.  

The Board of Directors have declared a dividend at the rate of 21.0 pence per share (2016, 21.0 pence) to be paid in two instalments: 

    --  7.0 pence per share (2017, 7.0 pence) on Thursday 18 January 2018 to
        shareholders on the register on Friday 22 December 2017. The ex-dividend
        date will be Thursday 21 December 2017; and


    --  14.0 pence per share (2017, 14.0 pence) on Thursday 3 May 2018 to
        shareholders on the register on Friday 20 April 2018. The ex-dividend
        date will be Thursday 19 April 2018.

This reflects consistency in the timing of payments with prior years, and the profit expected for the year, subject to audit, and the company’s significant cash position.

The Directors of the Company accept responsibility for the content of this announcement.

Enquiries:

Hydro Hotel, Eastbourne, Plc
Sally Gausden  
Company Secretary
Telephone: +44 1323 431200

NEX Growth Market Adviser

Mazars Corporate Finance Limited
www.mazars.co.uk
Stephen Skeels
Telephone: +44 20 7063 4000