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KCOM Group PLC AGM and Interim Management Statement

KCOM Group today announces its trading update for the period 1 April to 29 July, ahead of its Annual General Meeting at 11am.

KCOM Group announces the following trading update for the period 1 April to 29 July 2014, ahead of its Annual General Meeting at 11am.

Since the preliminary results announcement on 6 June, the outlook for the Group remains unchanged. We have continued to focus on exploiting the opportunities that exist in our key markets. We continue also to invest in expanding the reach of, and building consumer demand for, our fibre-based broadband services in Hull and East Yorkshire, alongside the delivery of value added services to the enterprise market.

Subject to shareholder approval at today’s AGM, the Group will pay a final dividend for the year ending 31 March 2014 of 3.254p (2013: 2.97p) to shareholders on the register on 27 June 2014. This brings the total dividend for the year to 4.88p per share, an increase of 10 per cent year on year. Payment of the final dividend will be made on 1 August 2014. The Board reconfirms its commitment to delivering a ten per cent increase per annum in full year dividend over two financial years, ending 31 March 2016.

About KCOM PLC

KCOM Group PLC is a leading provider of communications services to organisations and consumers, serving customers through four market focused brands.

KC provides a range of telephony and broadband services to consumers and businesses in Hull and East Yorkshire. Our other three brands serve organisations throughout the UK. Eclipse provides communications services to small and medium businesses across the UK, connecting them to customers, partners and suppliers and improving their productivity and flexibility, and helping them to grow. Kcom works with some of the UK’s biggest names, delivering communications services that enable them to be flexible, efficient and more responsive to their customers. Smart421 delivers high-end consultancy, integration and management of business-critical systems for enterprise customers.

We apply the collective knowledge and expertise of our people and our partners to help our customers harness the power of communications. Our focus is on the delivery of inspiring customer experiences, and finding new and better ways to connect people.