David Knight Not to Retire as Group CEO of ScS Group plc, Before the End of July 2021; Suspends Payment of Interim Dividend
Despite the strength of its balance sheet, the Board feels that it is appropriate to suspend payment of the interim dividend, which was due to be paid on 7 May 2020. At a time when the UK Government is supporting ScS, it seems inappropriate to use the cash for anything other than protecting the financial strength and resilience of the business. The Board recognizes the importance of income to the Group's shareholders and will continue to assess when it is appropriate to recommence dividend payments.