Engineering group plans to resume dividend payments as turnaround continues
Engineering group Redhall has announced plans to resume dividend payments to shareholders through a capital reduction process as the company’s turnaround gathers pace.
The Wakefield-based firm does not currently have distributable reserves and is therefore prohibited from making distributions to shareholders, including the payment of dividends.
Redhall said: “Following the successful implementation of its strategic turnaround programme, the group has been transformed from a site-based contractor and manufacturer into a high ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
