Caledonia Investments plc has recommended special dividends in the past where either cash levels are high or there has been a significant disposal. Following the disposals of Deep Sea Electronics and BioAgilytix during the year, the board is recommending a special dividend of 175 pence per share at a cost of £95 million. This provides a considerable enhancement to the long-term yield that Caledonia has delivered to shareholders which, on a ten year basis, is over 3%.

The proposed special dividend for the year ended March 31, 2022 were not included as liabilities in these financial statements. These dividends, if approved by shareholders at the annual general meeting to be held on July 27, 2022, will be payable on August 4, 2022 to holders of shares on the register on July 1, 2022. The ex-dividend date will be June 30, 2022.