March 25, 2020 / 12:10 PM / 16 days ago

BRIEF-Easyhotel PLC Says All Its Hotels Shut

March 25 (Reuters) - easyHotel PLC:

* EASYHOTEL UPDATE RE COVID-19

* BOARD CAN CONFIRM THAT ALL ITS OWNED HOTELS ARE NOW CLOSED UNTIL FURTHER NOTICE

* IT IS TOO SOON TO ESTIMATE FULL IMPACT OF CLOSURES

* FY TRADING IS EXPECTED TO END YEAR SUBSTANTIALLY BEHIND BOARD’S EXPECTATIONS.

* IN CONSTANT, CLOSE DIALOGUE WITH FINANCIAL LENDERS AND HAVE AMENDED GROUP COMMITTED FACILITY TO STRENGTHEN FINANCIAL POSITION

* BOARD IS TAKING A NUMBER OF IMMEDIATE ACTIONS TO PROTECT CASH FLOWS WITHIN BUSINESS Source text for Eikon: Further company coverage:

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