The DMGT Board is recommending the payment of a final dividend of 17.3p that would make a total for the year of 24.9p, a 3% increase.
In the event of the Offer becoming or being declared unconditional, DMGT intends to declare a special distribution payable to all DMGT shareholders, comprising cash and Cazoo shares as set out in the 'Recommended offer for DMGT by RCL' section above.
The Board intends to review the dividend policy applicable to FY 2022. In formulating its policy, the Board will take account of several factors that are currently uncertain and has consequently withdrawn its existing policy that increased dividends by more than inflation. Nevertheless, if the Offer is declared unconditional and the special dividend paid, the Board anticipates that any future dividends per share paid on the DMGT A Shares will be materially lower than they have been historically.
Other financial highlights include:
o Revenue down 1% underlying
o Cash operating income down 1% underlying
o Adjusted operating profit up 5% underlying
o Adjusted profit before tax up 7% underlying, 22% in absolute terms
o Adjusted EPS up 20%
