Value Group Limited announced that the Group's net cash position is highly positive with access to adequate banking facilities should the need arise. Accordingly, the Group has sufficient cash balances to increase its final dividend, however, due to the uncertainty of COVID-19, the Board has considered that a more conservative approach be adopted and therefore resolved to declare a reduced gross final dividend for the year ended 29 February 2020 of 24 cents per ordinary share which will be paid out of distributable reserves. This dividend is covered 2.52 times by second half headline earnings. The dividend will be subject to dividend withholding tax of 20% which amounts to 4.8 cents per share. This will result in a net dividend of 19.2 cents per share payable to those shareholders who are not exempt from paying dividend withholding tax. The dividend is payable to shareholders on 11 August 2020, record date is 7 August 2020 and trading ex-dividend commences on 5 August 2020.