UK Securicor to return £75Mln to Shareholders after JV sale
Securicor PLC said it plans to return around 75 mln stg to shareholders following the sale of its stake in a distribution joint venture to Deutsche Post, the other venture partner.
The company is selling its 50 pct holding in the venture for 247 mln eur in cash. Including Securicor’s 37 mln eur share of the venture’s net debt, the value of the disposal is 284 mln eur.
The return of cash to shareholders will be by way of a special dividend of 12 pence per share.
