Carphone Warehouse 2016 Annual Report Download - page 51
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Dixons Carphone plc Annual Report and Accounts 2015/16
Corporate Governance
49
Dividend
The Board has proposed a final dividend for the year ended
30 April 2016. Details of this and other dividends paid for the
year are as follows:
Year ended
30 April 2016
Year ended
2 May 2015
Interim dividend 3.25p 2.50p
Final dividend 6.50p 6.00p
Total dividends 9.75p 8.50p
The right to receive any dividend has been waived by the
trustees of the Company’s ESOTs over a combined holding of
749,074 shares.
Issue of shares
In accordance with section 551 of the Act, shareholders can
authorise the directors to allot shares in the Company up to
one third of the issued share capital of the Company.
Accordingly, at the 2015 annual general meeting shareholders
approved a resolution to give the directors authority to allot
shares up to an aggregate nominal value of £383,820. The
directors have no present intention to issue ordinary shares,
other than pursuant to obligations under employee share
schemes. This resolution remains valid until the conclusion of
this year’s Annual General Meeting.
Authority was given by the shareholders at the 2015 annual
general meeting to purchase a maximum of 38,382,000
shares, such authority remaining valid for 15 months or until
the conclusion of the Company’s Annual General Meeting in
2016. The authority was not exercised during the period or
prior to the date of this Report. The Company will seek the
usual renewal of this authority at the forthcoming Annual
General Meeting but has no current intention to make
such purchases.
Use of financial instruments
Information about the use of financial instruments is given in
note 26 to the Group financial statements.
Auditor
Each director at the date of approval of this Annual Report
and Accounts confirms that:
•so far as the director is aware, there is no relevant audit
information of which the Company’s auditor is unaware;
and
•the director has taken all the steps that he / she ought to
have taken as a director in order to make himself / herself
aware of any relevant audit information and to establish
that the Company’s auditor is aware of that information.
This confirmation is given and should be interpreted in
accordance with the provisions of section 418 of the Act.
Deloitte LLP have expressed their willingness to continue in
office as auditor and a resolution to re-appoint them will be
proposed at the forthcoming Annual General Meeting.
Certain information required to be included in this Directors’
Report may be found within the Strategic Report.
By Order of the Board
Nigel Paterson
Company Secretary
28 June 2016
00_DC 2016 Annual Report.pdf 49 11/07/2016 18:34