10th Dec 2009 07:00
Holders Technology plc
("Holders Technology" or the "Company")
Providers of specialised materials, equipment and services to the electronics industry
Trading update and dividend declaration
Holders Technology (AIM:HDT) is pleased to announce a trading update for the financial year ended on 30 November 2009.
Trading update
Demand in the European PCB industry, which had been very weak in the first half of the year, has stabilised. Although there is little sign of a significant recovery in demand, the company's trading performance in the six month period to 30 November 2009 was slightly ahead of management expectations. The restructuring of the Company's European operations has been successfully completed, with the targets for cost saving and working capital reduction being achieved. Cash flow in the second half of the financial year was positive.
The company expects to announce its full year results for the year ended 30 November 2009 on 10 February 2010.
Dividend
The directors have declared a second interim dividend of 3.25p, which will be payable on 31 March 2010 to shareholders on the register on 5 March 2010. The shares will go ex-dividend on 3 March 2010. This second interim dividend payment will be at the same level as last year's final dividend, which was paid on 19 May 2009. The second interim dividend is in lieu of a final dividend, therefore no final dividend will be proposed in respect of the year ended 30 November 2009. The directors will review the level of future dividend payments in the light of future trading results and cash flow.
For further information, contact:
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Holders Technology Plc
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020 8731 4336
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Mr Rudi Weinreich, Chairman and Chief Executive
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Mr Jim Shawyer, Group Finance Director
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Astaire Securities Plc – Nomad & Broker
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020 7448 4400
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Shane Gallwey
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Website www.holderstechnology.com
Related Shares:
HDT.L