Trading Update

The Group announces today that trading since the last update in September 2020 is ahead of the Board’s expectations. Given this, the Board’s estimate of the results for the six months to 29 November 2020 is profit before tax of not less than £80 million (2019: £58.6 million)

This has been driven by healthy growth in our online and trade channels. Our retail channel is still recovering from the COVID-19 closures both currently (170 stores) as well as earlier in 2020. The factory and warehouses are still in operation under COVID Secure measures.

The Board recognises that this performance is better than the prior year but is also aware that it is still early in the financial year. A further update will be given as appropriate.

Total Voting Rights

As at the date of this announcement the Company had 32,763,730 issued ordinary shares of 5 pence each admitted to trading.  Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of the Company.  The Company does not hold any ordinary shares in Treasury.

The above figure may be used by shareholders and others with notification obligations as their denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.