Trading Update and Return of Capital (6769W)
November 23 2010 - 9:20AM
UK Regulatory
TIDMDSN
RNS Number : 6769W
Densitron Technologies PLC
23 November 2010
Densitron Technologies plc
Trading update and Return of Capital
Densitron Technologies plc ("Densitron" or the "Group") is
pleased to provide an update on current trading. Since the interim
results were announced on 13 September 2010, trading conditions
have remained favourable.
Revenue for the year to date is approximately 65% per cent ahead
of the same period last year with all divisions returning a profit.
The Group continues to develop a significant order book.
Following receipt of the proceeds from the disposal of the
Group's stake in Evervision, as announced on 4 October 2010, the
Board has reviewed its growth strategy and capital requirements.
Following this review, the Board has concluded that the Group can
achieve its growth targets from the cash being generated from
operations and accordingly has resolved to return approximately
GBP3.5 million (or approximately 5 pence per share) to
shareholders.
The board is reviewing the most appropriate mechanism for the
return of capital and expects to make a definitive announcement as
to the timing and method of this payment early in the New Year.
Further information:
Densitron Westhouse Securities Limited
Grahame Falconer / Tim Pearson Tim Metcalfe / Martin Davison
Tel: 0207 648 4200 Tel: 020 7601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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