20th Jan 2011 14:30
20 January 2011
e2v technologies plc
Bank arrangements concerning dividends
e2v technologies plc ("the Company"), the specialist provider of technology solutions for high performance systems, announced within its Half Year results on 15 November 2010 that it was exploring opportunities to have more flexibility for declaring dividends in its bank arrangements.
The Board is pleased to announce today that agreement has been reached with the Company's lending banks on changes to the financial covenants in its banking facilities. The result of these changes is to return control of the timing of the declaration of any dividends by the Company to its Board.
The Board reaffirms its commitment to pursuing a progressive dividend policy when the Directors believe it is prudent to do so.
The Company will be providing an update on trading in its Interim Management Statement on Monday 31 January 2011.
Further enquiries:
e2v technologies plc | ||
Keith Attwood, Chief Executive Charles Hindson, Group Finance Director | Tel: 01245 493 493 | |
Website: www.e2v.com | ||
Financial Dynamics | ||
Nick Hasell / Nina Delangle | Tel: 020 7269 7291 |
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