CORAL PRODUCTS PLC

Earnings Release • Apr 20, 2022

National Storage Mechanism | Additional information

RNS Number : 6698I

Coral Products PLC

20 April 2022

Coral Products plc

("Coral" or the "Company")

Trading Update and Dividend Declaration

Coral Products Plc, a specialist in the design, manufacture and supply of plastic products, is pleased to report that unaudited management accounts indicate that Sales and, following the sale of land and building at Haydock, reportable pre-tax profits for the year to 30 April 2022 will be materially above market expectations.

The Board intends to declare a second interim dividend of 0.4p per share. The ex-dividend date and record date for this interim dividend will be 12 May 2022 and 13 May 2022 respectively.

This second interim dividend will be paid on 3 June 2022.

The Board will decide on any proposed final dividend on completion of the audited results for the year.

Additionally, the distributable reserves have increased by £500k arising from the release of the revaluation reserve following the sale of the land and building at Haydock.

For further information please contact:

Coral Products plc Joe Grimmond, Executive Chairman	Tel: 07703 51 8148
Nominated Adviser & Broker WH Ireland Limited Katy Mitchell Darshan Patel Megan Liddell Fraser Marshall (Corporate Broking)	Tel: 0207 220 1666
Capital Markets Consultants Limited Richard Pearson	Tel: 07515 587 184

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCDZGMDGLDGZZZ