Having sold its Plumbing & Heating distribution business to an affiliate of H.I.G. Capital in May, Travis Perkins plc expects to complete the disposal next week and will distribute the net proceeds to shareholders through a combination of a special dividend and a share buyback programme.

A special dividend of approximately £79m in aggregate, representing 35 per ordinary share will be paid November 2021 to Travis Perkins shareholders on the register at 6pm on 1 October 2021. The ordinary shares will be marked ex dividend on 30 September 2021.