Paddy Power Publishes Pe-merger Trading Update

Dividend announcement included

Ahead of its merger with Betfair on February 2 Paddy Power has announced that trading in the last seven weeks of 2015, post the release of its Interim Management Statement on , was good.
Accordingly the Board expects to report operating profit before exceptional items, for the year ended of approximately Euro 180 million. This would result in fully diluted earnings per share of approximately Euro 3.33, before costs relating to the merger.
The company also announced a final dividend for 2015 of Euro 1.20 per share, taking the full year regular dividend for 2015 to Euro 1.80 per share.
The record date for the Paddy Power 2015 Dividend is 6.00 p.m. on , and it will be paid alongside the Special Dividend of approximately Euro 1.80 per share and the Paddy Power Closing Dividend, representing the period from to (inclusive), of Euro 0.18 per share.
The payment date for the three dividends is .
It is expected that preliminary results for the year ended will be released on .
In related news, Betfair has announced that shareholders will receive a closing dividend of 24.3 pence per Betfair share.

Online Casino News Courtesy of Infopowa

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