The Hampton Trust said this morning it would not be paying a dividend on its convertible preference shares because it “has insufficient distributable reserves”.
In a statement issued to the stock market, the company said it was “unable” to pay the dividend and “will not be able to do so until it has sufficient reserves available for distribution”.
Dividends for the shares were due at the beginning of the year.
In December the company announced pre-tax losses of £3.7m and turnover fell to £6.8m.
EGi News 09/01/03
