Bellway PLC AGM Statement

 
TIDMBWY 
 
Bellway p.l.c. 
 
                                 AGM Statement 
 
                            Friday 11 January 2013 
 
At today's AGM, the Chairman, Mr Howard Dawe, made the following statement:- 
 
"In the short period since the Interim Management Statement (IMS) on 7 
December, reservations have remained in line with expectations. The Group 
therefore starts the calendar year with 76% of its current year target secure 
and assuming the usual pattern of reservations throughout the spring selling 
season, the Board, as previously indicated, anticipates that completions will 
increase by around 5% for the full year. In addition, the Board expects that 
completions for the half year ending 31 January 2013 will also increase by 
around 5%. 
 
I am pleased that the final dividend of 14.0 pence per ordinary share has been 
approved and this will be paid to shareholders on 16 January 2013, thereby 
bringing the total dividend in respect of the year ended 31 July 2012 to 20.0 
pence per ordinary share, representing an increase of 60% compared to the prior 
year. 
 
A pre-close Trading Update will be issued on Thursday 7 February following the 
conclusion of the six month trading period ending 31 January 2013. 
 
As previously announced, I will be retiring as non-executive Chairman on 31 
January 2013 and would like to thank the Board, our employees and all connected 
with Bellway for their tremendous support throughout my 51 years of service 
with the Group." 
 
For further information please contact from 2:30pm onwards either John Watson, 
Chief Executive or Keith Adey, Finance Director on: 
 
07855 337 007 (John Watson) or 07837 188 643 (Keith Adey) 
 
 
 
END 
 

(END) Dow Jones Newswires

January 11, 2013 07:00 ET (12:00 GMT)