Pdf

Group net cash at 30 June 2018 was £5.6m (31 December 2017 net cash: £39.6m and 30 June 2017 net cash: £17.7m), after payment of ordinary and special dividends to the value of £70.5m during the first half. As at 30 June 2018 £20m was drawn under the committed facilities, compared to nil at 31 December 2017 and 30 June 2017. The Group continues to be able to borrow at competitive rates and therefore currently deems this to be the most effective means of funding.