14. Dividends

On 21 March 2025, the Board of Directors declared a final dividend for 2024 of 2.25 pence per ordinary share, resulting in a dividend of £3.8 million paid on 25 April 2025.

The decision has been taken to cancel future dividends in favour of share buybacks. This will take effect in 2025 and did not affect the declared final dividend in respect of the year ended 31 December 2024.