RS2 Software plc – Approval of Financial Statements for the year ended 31 December 2012

RS2 Software plc announced that at the meeting held on 23 April 2013, the Board of Directors approved the financial statements for the financial year ended 31 December 2012. The Board resolved that these financial statements be submitted for the approval of the shareholders at the forthcoming Annual General Meeting which is scheduled for Wednesday, 12 June 2013.

The Board of Directors resolved to recommend for approval at the Annual General Meeting, the payment of a net final dividend of €0.02c5 per share amounting to €1,000,000, which is exempt from tax in the hands of the shareholders. This dividend, if approved at the Annual General Meeting, will be paid on Thursday, 13 June 2013 to shareholders who appear on the shareholders’ register as at the close of business on Monday, 13 May 2013.

In addition to the cash dividend, the Board of Directors further resolved to recommend for approval at the Annual General Meeting, a bonus share issue of one (1) share for every sixteen (16) shares held by shareholders on the Company’s share register as at close of business on Monday, 13 May 2013. The bonus issue amounting to 2,500,000 shares will be funded by capitalising €500,000 from the Share Premium Reserve of the Company. Application will be made for the necessary authorisation concerning the listing of the shares on the Malta Stock Exchange.

The Group registered a profit before tax of EUR 3,149,834, compared to EUR 2,377,878 registered in 2011. Revenue for the period under review amounted to EUR 10,642,419, a rise of 20.9% from 2011. EPS increased to EUR 0.062.

To view the official company announcement, click here.