BELLWAY PLC: AGM Statement
Friday 11 January 2013
At today's AGM, the Chairman, Mr Howard Dawe, made the following statement:-
"In the short period since the Interim Management Statement (IMS) on 7 December, reservations have remained in line with expectations. The Group therefore starts the calendar year with 76% of its current year target secure and assuming the usual pattern of reservations throughout the spring selling season, the Board, as previously indicated, anticipates that completions will increase by around 5% for the full year. In addition, the Board expects that completions for the half year ending 31 January 2013 will also increase by around 5%.
I am pleased that the final dividend of 14.0 pence per ordinary share has been approved and this will be paid to shareholders on 16 January 2013, thereby bringing the total dividend in respect of the year ended 31 July 2012 to 20.0 pence per ordinary share, representing an increase of 60% compared to the prior year.
A pre-close Trading Update will be issued on Thursday 7 February following the conclusion of the six month trading period ending 31 January 2013.
As previously announced, I will be retiring as non-executive Chairman on 31 January 2013 and would like to thank the Board, our employees and all connected with Bellway for their tremendous support throughout my 51 years of service with the Group."
For further information please contact from 2:30pm onwards either John Watson, Chief Executive or Keith Adey, Finance Director on:
07855 337 007 (John Watson) or 07837 188 643 (Keith Adey)
-0- Jan/11/2013 12:00 GMT