At De La Rue plc’s (“De La Rue” or “the Group”) Annual General Meeting to be held today, Philip Rogerson, Chairman of De La Rue, will make the following statement.
Trading for the financial year to date has been in line with the Board's expectations. The Group's order book continues to be strong and market conditions remain unchanged from that outlined in the Group’s full year results published on 24 May 2016.
In light of recent foreign exchange market volatility, we confirm that the policy of the Group is to hedge all confirmed foreign currency sales and purchases.
Subject to shareholder approval at today’s AGM, the proposed final dividend for the year ended 26 March 2016 of 16.7p per share will be paid on 3 August 2016 to shareholders on the register at the close of business on 24 June 2016.
Having considered current trading, market conditions and the impact of Brexit on the business in the short term, the Board’s expectations for the full year remain unchanged.
Martin Sutherland Chief Executive Officer
Jitesh Sodha Chief Financial Officer
Lili Huang Head of Investor Relations
About De La Rue
De La Rue’s purpose is to enable every citizen to participate securely in the global economy. As a trusted partner of governments, central banks and commercial organisations, De La Rue provides products and services that underpin the integrity of trade, personal identity and the movement of goods.
As the world’s largest designer and commercial printer of banknotes, De La Rue designs, manufactures and delivers banknotes, banknote substrates and security features to customers in a world where currency will continue to be a key part of the developing payments eco-system. De La Rue is the only fully integrated supplier of both paper and polymer banknotes, and creates security features that ensure banknotes are protected against counterfeiting.
De La Rue is the world’s largest commercial designer and printer of passports, delivering national and international identity tokens and software solutions for governments in a world that is increasingly focused on the importance of a legal and secure identity for every individual.
De La Rue also creates and delivers secure product identifiers and ‘track and trace’ software for governments and commercial customers alike to help to tackle the challenge of illicit or counterfeit goods and the collection of revenue and excise duties.De La Rue is listed on the London Stock Exchange (LSE:DLAR). For further information visit www.delarue.com