Dividend Policy
The Ordinary Shares issued as part of the acquisition of DM Technical Services Limited rank pari passu for all dividends and other distributions declared, paid or made in respect of the ordinary share capital of the Company. The Company has not paid any dividends since incorporation.
The Board’s current intention is to retain and re-invest the earnings arising from the Group’s activities to fund the development of the Group. Accordingly, it does not expect to recommend or pay any dividends in the immediate future.
The declaration and payment by the Company of any future dividends, and the amount of such dividends, will ultimately be dependent upon the Company’s financial condition, future prospects, profits legally available for distribution, the need to maintain an appropriate level of dividend cover and other factors deemed by the Board to be relevant at that time. This will take into account both the requirements of the business and the expectations of Shareholders.