2017 AGM Statement

RNS Number : 5687L

De La Rue PLC

20 July 2017

 

DE LA RUE PLC

2017 AGM Statement

20 July 2017

At De La Rue plc's ("De La Rue" or "the Group") Annual General Meeting to be held today, Philip Rogerson, Chairman of De La Rue, will make the following statement.

Current trading and outlook

The Group's order book remains strong at the end of the first quarter, providing good visibility and confidence at this early stage of the financial year.

Based on the current production and shipment schedules, the Group's performance is expected to be weighted towards the second half of the financial year, in line with previous years. While there was an unfavourable mix of orders in the first quarter, this is expected to normalise throughout the rest of the year.

The Board's expectations for 2017/18 remain unchanged.

Dividend

Subject to shareholder approval at today's AGM, the proposed final dividend for the year ended 25 March 2017 of 16.7p per share will be paid on 3 August 2017 to shareholders on the register at the close of business on 30 June 2017. This, together with 8.3p per share paid in January 2017, would make a full year dividend of 25.0p per share.

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

Enquiries:

De La Rue plc [phone]

Martin Sutherland           Chief Executive Officer

Jitesh Sodha                 Chief Financial Officer

Lili Huang                      Head of Investor Relations

Brunswick [phone]

Katharine Spence

Oliver Hughes

About De La Rue

De La Rue's purpose is to enable every citizen to participate securely in the global economy. As a trusted partner of governments, central banks and commercial organisations, De La Rue provides products and services that underpin the integrity of trade, personal identity and the movement of goods.

As the world's largest designer and commercial printer of banknotes, De La Rue designs, manufactures and delivers banknotes, banknote substrates and security features to customers in a world where currency will continue to be a key part of the developing payments eco-system.  De La Rue is the only fully integrated supplier of both paper and polymer banknotes, and creates security features that ensure banknotes are protected against counterfeiting.

De La Rue is the world's largest commercial designer and printer of passports, delivering national and international identity tokens and software solutions for governments in a world that is increasingly focused on the importance of a legal and secure identity for every individual.

De La Rue also creates and delivers secure product identifiers and 'track and trace' software for governments and commercial customers alike to help to tackle the challenge of illicit or counterfeit goods and the collection of revenue and excise duties.

De La Rue is listed on the London Stock Exchange (LSE:DLAR). For further information visit www.delarue.com 

 

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