12th Apr 2019 17:28
LONDON (Alliance News) - Non-Standard Finance PLC on Friday said that following a review, it identified "certain technical infringements" regarding historic distributions made by the company.
"All of the infringements can be rectified and the Non-Standard Finanace board considers that none of the issues impacts the company's financial position or prospects or shareholder value," the lender explained.
Non-Standard Finance added it will still be able to pay its 2018 final dividend of 2.0 pence per share and remains "fully committed" to its dividend policy.
"These technical infringements, and the actions being taken to resolve them, have no bearing on Non-Standard Finance's financial and operational performance or its strategy, including its offer for Provident Financial PLC," the firm added.
The company will hold its annual general meeting on May 21.
Non-Standard Finance shares closed 1.4% higher at 53.35 pence each on Friday.
Related Shares:
NSF.L