Dividend
As previously announced on 10 April 2015 the final
dividend for the financial year 2015 and the interim
dividend for the financial year 2016 will be withheld,
with future dividends to be progressively re-instated
by the financial year 2018. This decision reflects the
Board’s intention to reduce balance sheet leverage
resulting from the acquisition of Naked Wines,
ensure that the business has sufficient working
capital resources and to invest in the business
where attractive returns are proven.