Highlights
· Year end results in line with expectations
· Strong second half cash performance with closing net debt of £75.0 million
· Net debt to EBITDA ratio reduced to 1.0 x (2013: 1.2 x)
· Increased final dividend of 3.25p, in line with commitment to increase dividend by 10 per cent per annum until March 2016
· Refinancing agreed, providing capacity to consider investment in selective organic and inorganic opportunities to strengthen position in target markets
