Lookers plc intended to restore dividends alongside the full year 2021 results. In March 2020, at the time of the first Covid-19 lockdown, the Board announced a number of cash management initiatives including the suspension of dividends. Given the financial position of the Group and the repayment of all CJRS receipts and Covid-19 grants relating to 2021, the Board believes that there should be a good balance across investing in the business and shareholder distributions, while maintaining an appropriate capital structure.

Subject to no material change in the trading environment, the Board intends to recommend a dividend when it publishes its 2021 financial statements.