States gain £4. m from showroom sale

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million from a one-off special dividend announced yesterday by Jersey Electricity.

The money available for the dividend has come from the £6.

million sale last year of the JEC’s former town showroom premises in Broad Street.

The States owns all of the Ordinary shares, representing 62% of the equity share capital in the company.

The decision was made at a board meeting shortly after the annual general meeting on Tuesday, when the annual report and accounts were adopted by shareholders, including a representative from the States Treasury.

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