The owner of Warhammer battle figurines admitted yesterday that it accidentally paid investors millions in illegal dividends.
Games Workshop said that due to a ‘minor technical breach’ a 45p per share dividend was paid out last November before it filed its half-year accounts with Companies House.
That meant the payment amounted to an ‘unlawful dividend’.
Games Workshop said ‘unlawful dividend’ of 45p per share was paid out last November
While the mishap meant the firm could serve legal claims against its shareholders and directors, it said it would not do so and would table a resolution at its AGM in September to remedy the issue.
The FTSE 250 group posted a record profit of £170.6million for the year to May 28, up from £156.5million in 2022, while sales jumped to £445.4million from £386.8million as its dedicated fans continued to spend on its figurines despite the cost of living crisis.
The firm also noted that discussions with the TV production arm of Amazon were continuing after it signed a deal with the US giant last December to bring its Warhammer franchise to the big screen.
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