Trading Update and Change to Dividend Policy
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The Board of Elixirr International plc (AIM: ELIX) ("Elixirr", the "Company") the established, global, award-winning, challenger consultancy, is pleased to provide an update on trading in the year ended 31 December 2023 ("FY23"), advise shareholders of a change in dividend policy and announce an interim dividend.
Trading
Subject to audit, FY23 results are expected to be in line with market expectations with:
- Revenue within the guidance range of £85m - £90m
- Adjusted EBITDA of approximately £25.4 million
- Year-end cash of approximately £17.9 million
Dividend Policy
In line with comparable companies, the Board has decided to declare two dividends per year, with an interim dividend payable shortly after the end of the year and a final dividend payable in August.
Interim Dividend
The Company is declaring an interim dividend (the "Dividend") of 5.3p per Ordinary Share.
The Dividend will be payable to Shareholders on the register at 19 January 2024 and has an associated ex-dividend date of 18 January 2024. The Dividend of approximately £2.5 million in total will be paid to Shareholders on 15 February 2024 and funded from the Company's existing cash reserves.
General
All references to time in this announcement are to London time, unless otherwise stated.
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