Dave Lewis, Chief Executive:
“COVID-19 has shown how critical the food supply chain is to the UK and I’m very proud of the way Tesco, as indeed the
whole UK food industry, has stepped forward.
In this time of crisis we have focused on four things; food for all, safety for everyone, supporting our colleagues and
supporting our communities.
Initial panic buying has subsided and service levels are returning to normal. There are significant extra costs in feeding
the nation at the moment but these are partially offset by the UK Business rates relief.
Tesco is a business that rises to a challenge and this will be no different. I would like to thank colleagues for their
unbelievable commitment and customers for their help and understanding. Together, we can do this.”
And later;;
●
The proposed final dividend was approved by the Board of Directors on 7 April 2020 and is subject to the approval of shareholders
at the Annual General Meeting. The proposed dividend has not been included as a liability as at 29 February 2020, in accordance
with IAS 10 ‘Events after the reporting period’. It will be paid on 3 July 2020 to shareholders who are on the Register of members
at close of business on 22 May 2020.
https://www.tescoplc.com/media/755614/t ... s-1920.pdf