MoneySupermarket.com pays 70m pounds to shareholders

5th Jun 2013 07:14

MoneySupermarket.com underlined its confidence in future trading as it announced it would pay a special interim dividend.An extra dividend of 12.92p per share has been confirmed as it continues to perform in line with company expectations. Group revenues for the year to date are over 10% higher than the same period last year, it said."The special interim dividend is being used to return funds to shareholders and reflects the board's confidence in the ability of the business to generate cash on an on-going basis," it said in a company statement. "The special interim dividend is being funded out of cash balances and a bank facility, which is available for general corporate purposes," it added.In a separate statement MoneySupermarket announced that Simon Nixon intends to sell up to 80,000,000 existing ordinary 0.02p shares of MoneySupermarket, representing nearly 15% of the issued share capital.Chairman Gerald Corbett commented: "The Board remains committed to a progressive dividend policy in line with the investment and capital needs of the business. "The placing by Simon Nixon will increase liquidity and help normalise the Company's shareholding structure. Simon remains a major shareholder and will continue to play a key role on the Board as the Non-Executive Deputy Chairman," Corbett explained.CJ