Investor update 5th June 2020

Banking facility update

The Board of Marshall of Cambridge (Holdings) Ltd is pleased to announce that it has completed an agreement with its lenders to reset the covenants within its Revolving Credit Facility for the next 12 months. The £75m Facility, extended in 2019, is due to expire in March 2022. The Board is grateful for the excellent support from Barclays and HSBC, which enables the Group to continue to focus on its core purpose of: serving its customers in a way that no one else can; creating long-term value and making Cambridge a better place.

Dividend update

The Board of Marshall of Cambridge (Holdings) Ltd is also pleased to announce that it has approved the payment of an Ordinary Dividend in July and, in addition, has approved the reinstatement and payment on the same day of the Preference Dividend due for 2020. This includes both the April 2020 instalment and an early payment of the October 2020 instalment.

The dividend payments will be made on 10th July 2020, to all those shareholders on the share register as at 19th June 2020, and are all in respect of the year ending 31 December 2020:

 •       A Preference Dividend on the A Preference Shares paid at the rate of 8.0 pence per share

•       A Preference Dividend on the B Preference Shares paid at the rate of 10.0 pence per share

•       An Interim Dividend on the 12.5p Ordinary Shares paid at the rate of 1.0 pence per share

•       An Interim Dividend on the 12.5p Non-Voting Priority Ordinary Shares paid at the rate of 3.0 pence per share (1.0 pence Ordinary and 2.0 pence Priority Dividend)

Annual Report

The 2019 Annual Report has now been sent to all shareholders and published on the website.  It can be found here.

Annual General Meeting

The Board of Marshall of Cambridge (Holdings) Ltd is pleased to announce that the Company’s AGM will be held virtually at 4.30pm on Wednesday 23rd September 2020 for all voting shareholders. It will be preceded by a business update video for all shareholders. Further details will be given in due course.