Trading update and ongoing shareholder communication
I am pleased to report that Writtle performed strongly in the second half of 2024 and exceeded its budgeted profitability for the year. Cash balances at the year-end were in excess of £12m so directors are considering a further special dividend as well as the usual final dividend. Further details will be contained in our Annual Report which will be issued in April 2025.
Apart from giving investors what I hope is a welcome early update on last year’s trading, I also wanted to advise shareholders that Writtle is going ‘paperless’ in 2025 so further communications with shareholders will be via email and documents requiring a signature will be enabled for electronic signing with DocuSign.
The reasons for this change are primarily for cost and environmental reasons, but we will continue publishing our full Annual Report on our website, with individual company reports as well as the statutory information. We will advise shareholders by email when the Annual Report is published and when other newsworthy events occur.
Robert Essex
Chairman