Jersey Electricity Plc - Preliminary Announcement of Annual Results Year Ended 30 September 2019
At a meeting of the Board of Directors held on 19 December 2019, the final accounts for the Group for the year to 30 September 2019 were approved, details of which follow.
The financial information set out in the announcement does not constitute the Group's statutory accounts for the year ended 30 September 2019 or 2018, but is derived from those accounts. Statutory accounts for 2018 have been delivered to the Jersey Registrar of Companies, and those for 2019 will be delivered in early 2020. The auditor has reported on the accounts for both years and their reports were unmodified.
A final dividend of 9.25p on the Ordinary and 'A' Ordinary shares in respect of the year ended 30 September 2019 was recommended (2018: 8.80p). Together with the interim dividend of 6.45p (2018: 6.10p) the proposed total dividend declared for the year was 15.70p on each share (2018: 14.90p).
The final dividend will be paid on 26 March 2020 to those shareholders registered in the books of the Company on 21 February 2020. A dividend on the 5% cumulative participating preference shares of 1.5% (2018: 1.5%) payable on 1 July 2020 was also recommended.
The Annual General Meeting of the Company will be held on 5 March 2020 at 12.30 pm at the Powerhouse, Queens Road, St Helier, Jersey.