De La Rue reduces its 2015 full year dividend by 40%

DividendMax Ltd.

De La Rue reduces its 2015 full year dividend by 40%

HEADLINES

Full year results in line with expectations

Appointment of Martin Sutherland as new CEO

New Bank of England 10 year print contract signed in October 2014

Year end 12 month order book of £243m (2013/14: £307m)3

Banknote print volumes up 5% to 6.5bn, banknote paper volumes down 2% to 9,400 tonnes

Operational efficiencies yield additional £7m savings

CPS returned to underlying profitability

Final dividend of 16.7p per share, giving a total dividend for the year of 25.0p

Clear Strategic Plan to deliver growth and improved profitability in the long term

Significant investment in R&D and additional sales resources to develop the business, which will be more than covered by planned operational cost savings

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