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Hays to give back 150 mln pounds in special dividends

Feb 18 (Reuters) - Recruitment agency Hays Plc said on Thursday it had identified 150 million pounds ($207.69 million) of surplus capital that it planned to return to shareholders as special dividends, encouraged by hiring activity rebounding to pre-Christmas levels by early February.

“With recovery in fees and our profits accelerating in Q2, this provides us with confidence to resume paying core dividends at our full-year results in August,” Chief Executive Officer Alistair Cox said.

$1 = 0.7222 pounds Reporting by Muvija M and Indranil Sarkar in Bengaluru; Editing by Rashmi Aich

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