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17 June, 2015
Further to the announcement on 1st May concerning the date for publication of the Group’s results for 2014, the Board of Randall & Quilter has been advised that the Syndicate 102 arbitration has been successfully concluded with terms which, whilst still being fully worked through, are likely to result in the Group’s pre-tax result for 2014 being within the range of market expectations.
The Board is pleased to have removed the uncertainty stemming from this long-standing dispute.
The Board reiterates the payment of a final distribution of 5p per share, subject to customary processes and timings and looks forward to a much stronger 2015.
The full year 2014 results are now expected to be released on Monday 22nd June 2015.
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