Harvest Know-how p l c : Approval of Interim Dividend and Enterprise Replace

COMPANY ANNOUNCEMENT Harvest Know-how p.l.c. Approval of Interim Dividend and Enterprise Replace…

Harvest Know-how p l c : Approval of Interim Dividend and Enterprise Replace


COMPANY ANNOUNCEMENT

Harvest Know-how p.l.c.

Approval of Interim Dividend and Enterprise Replace

Date of Announcement

2 December, 2022

Reference No:

39/2022

Capital Markets Rule:

5.16.4

QUOTE

Declaration of interim dividend

The Board of Administrators of Harvest Know-how p.l.c. (C-63276) (the “Firm”) hereby declares that, having thought-about the place of the Firm by reference to the interim monetary statements for the monetary interval ended 30 June, 2022 accredited and printed on 5 August, 2022 (vide announcement HRV35) in addition to the administration accounts of the Firm as at 31 October, 2022, it has resolved to distribute an interim web dividend of €227,806 (topic to rounding), equal to €0.01 per share (having a nominal worth of €0.50 per share) (the “Dividend”). Shareholders showing on the Firm’s register of members maintained by the Central Securities Depository of the Malta Inventory Alternate as at shut of enterprise on 9 December, 2022 shall be entitled to obtain their respective share of the Dividend. Cost of the Dividend shall be effected on or round 20 December, 2022.

Enterprise Replace

On 3 June 2022 (vide announcement HRV 30) the Firm highlighted the important thing challenges impacting the monetary efficiency of the present 12 months, notably regulatory modifications, the battle in Ukraine, provide chain points and rising inflation. The modifications within the regulation of on-line gaming throughout a number of jurisdictions are having a unfavorable impression on the Cost Processing Companies enterprise, and administration has taken a number of measures to mitigate this danger by additional diversifying the shopper combine in direction of different sectors. Within the second half of 2022, the Firm’s subsidiaries PTL Restricted (C-3545) and Apco Restricted (C-8724) have been notably affected by delays within the awards of a number of multi-million

Euro contracts which have been anticipated to start out in 2022 however will now begin in 2023. While it’s optimistic that such contracts have been secured for the approaching 12 months, the stated delays inevitably had a unfavorable impression on the present 12 months’s efficiency of the Harvest group.

Primarily based on the continued evaluation of the group’s efficiency and contemplating the continued persistence of the beforehand highlighted challenges, revenue earlier than tax for the 12 months is predicted to be decrease than beforehand projected. In mild of the aforesaid, the Board resolved to distribute an interim dividend amounting to €0.01 per share.

Regardless of a difficult macroeconomic setting, the Firm continues to take a position rigorously in its working subsidiaries with a view to strengthening their market place and driving additional development, and its drive to pursue acquisitions and increase internationally continues to be a key strategic focus.

UNQUOTE

Dr Malcolm Falzon

Firm Secretary

Disclaimer

Harvest Know-how PLC printed this content material on 02 December 2022 and is solely chargeable for the knowledge contained therein. Distributed by Public, unedited and unaltered, on 02 December 2022 14:53:03 UTC.

Publicnow 2022

All information about HARVEST TECHNOLOGY P.L.C.

Gross sales 2021 15,7 M
16,5 M
16,5 M
Internet revenue 2021 2,69 M
2,83 M
2,83 M
Internet money 2021 2,19 M
2,30 M
2,30 M
P/E ratio 2021 12,3x
Yield 2021 3,03%
Capitalization 28,5 M
29,9 M
29,9 M
EV / Gross sales 2020 1,76x
EV / Gross sales 2021 1,96x
Nbr of Staff 125
Free-Float 40,0%

Chart HARVEST TECHNOLOGY P.L.C.



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