EMBARGOED FOR RELEASE
21 May 2013
Abbey Protection plc ("Abbey Protection" or the "Group") Special Dividend
Abbey Protection plc is pleased to announce that the Board has approved the return of approximately £5 million to shareholders by way of a special dividend of 5 pence per ordinary share which will be payable on 21 June 2013 to shareholders on the register at 31
May 2013, the ex-dividend date being 29 May 2013.
The Board is committed to generating attractive and sustainable financial returns for shareholders and follows a progressive ordinary dividend policy.
The Group's balance sheet and cash generation remains strong with no debt funding obligations to service. Whilst the economic outlook remains difficult to predict with any certainty, the Board believes that the Group has more than adequate resources to fund future investment in the business, to sustain growth in ordinary dividends and to fund bolt-on acquisitions from remaining cash balances and future free cash flow.
Abbey Protection plc Minories House, 2-5 Minories, London. EC3N 1BJ. Colin Davison Chris Ward Adrian Green | +44 (0)845 217 8293 |
Shore Capital (Nomad & Joint Broker) Bidhi Bhoma Toby Gibbs | +44 (0)20 7408 4090 |
Numis (Joint Broker) Charles Farquhar | +44 (0)20 7260 1233 |
FTI Consulting Ed Berry Tom Willets | +44 (0)20 7269 7297 |
Abbey Protection plc is an integrated specialist insurance and consultancy group, and the UK's leading supplier of legal and professional fees insurance products and services to small-to-medium sized enterprises. The Group's principal products provide protection against costs incurred as a result of legal actions and HM Revenue & Customs investigations.
Founded in 1992, the Group operates from offices in London, Rugby, Croydon, Milton Keynes, Manchester and Chester and had 235 employees as at 31 December 2012. Abbey Protection distributes its products and services through the following businesses: Abbey Legal Protection, Abbey Legal Services, Abbey Tax Protection, Abbey HR, Accountax, After The Event Services, Abbey Property Facilities and Lewis Hymanson Small Solicitors.
Visit the Abbey Protection website at www.abbeyprotectionplc.comfor more information.
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