26 Jun 2014 08:15
Countrywide plc
26 June 2014
Proposed Payment of Special Dividend
Countrywide plc ("Countrywide") today announces that following the recent sale of Zoopla Property Group PLC ("Zoopla") ordinary shares by Countywide in the Zoopla IPO, Countrywide will pay a special dividend of £20 million to return the cash proceeds to shareholders.
The Board has therefore recommended a special dividend of 9.0 pence (net) per share. This will be paid along with the interim dividend for 2014 which is planned to be paid on 15 September 2014 to shareholders on the register at 15 August 2014.
The Board will make a further announcement regarding their plans on a long term dividend policy in conjunction with the Group's Interim Results on 31 July 2014.
Contacts:
Media | Investors |
Caroline Somers, Head of Communications +44(0)7515 919588 | Jim Clarke, Group Chief Financial Officer +44(0)7970 477299 |