Trading Update and Dividend D

RNS Number : 8568D

Holders Technology PLC

10 December 2009

 



Holders Technology plc

("Holders Technology" or the "Company")

Providers of specialised materials, equipment and services to the electronics industry

Trading update and dividend declaration

Holders Technology (AIM:HDT) is pleased to announce a trading update for the financial year ended on 30 November 2009.

Trading update

Demand in the European PCB industry, which had been very weak in the first half of the year, has stabilised. Although there is little sign of a significant recovery in demand, the company's trading performance in the six month period to 30 November 2009 was slightly ahead of management expectations. The restructuring of the Company's European operations has been successfully completed, with the targets for cost saving and working capital reduction being achieved. Cash flow in the second half of the financial year was positive.

The company expects to announce its full year results for the year ended 30 November 2009 on 10 February 2010.

Dividend

The directors have declared a second interim dividend of 3.25p, which will be payable on 31 March 2010 to shareholders on the register on 5 March 2010. The shares will go ex-dividend on 3 March 2010. This second interim dividend payment will be at the same level as last year's final dividend, which was paid on 19 May 2009.  The second interim dividend is in lieu of a final dividend, therefore no final dividend will be proposed in respect of the year ended 30 November 2009. The directors will review the level of future dividend payments in the light of future trading results and cash flow.

For further information, contact:

Holders Technology Plc	020 8731 4336
Mr Rudi Weinreich, Chairman and Chief Executive
Mr Jim Shawyer, Group Finance Director
Astaire Securities Plc – Nomad & Broker	020 7448 4400
Shane Gallwey

Website www.holderstechnology.com

 

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