IN BRIEF: Galliford Try pays special dividend from dispute settlement
8th Jun 2023 10:00
Galliford Try Holdings PLC - Uxbridge, England-base construction company - Declares 12 pence per share special dividend for the financial year ending on June 30, as it is set to receive a GBP26 million cash payment as settlement of a long-standing contract dispute. Galliford says the dispute concerns three contracts with entities owned by "a major infrastructure fund". It says it intends to return a substantial proportion of the settlement to shareholders, while retaining some to invest in growth. The form and amount of any further returns is yet to be decided. Expects to take a one-off, non-cash write-off of about GBP3 million in financial 2023 as a result of the settlement. Read More