March 24, 2020 / 10:08 AM / 10 days ago

BRIEF-Vertu Motors Says Co Not Likely To Recommend Final Dividend For Year Ended Feb 2020

March 24 (Reuters) - Vertu Motors PLC:

* COVID-19 UPDATE

* IT IS NOT POSSIBLE AT THIS STAGE TO PREDICT FINANCIAL IMPACT ON GROUP FOR YEAR ENDING 28 FEBRUARY 2021

* BOARD IS NOT LIKELY TO RECOMMEND A FINAL DIVIDEND FOR YEAR ENDED 29 FEBRUARY 2020.

* PLANS TO DELIVER ITS FINANCIAL RESULTS FOR YEAR ENDED 29 FEBRUARY 2020 AS SCHEDULED ON 6 MAY 2020.

* COMPANY PLANS TO DELIVER ITS FINANCIAL RESULTS FOR YEAR ENDED 29 FEBRUARY 2020 AS SCHEDULED ON 6 MAY 2020.

* DRAWING AN ADDITIONAL £10M OF OUR REVOLVING CREDIT FACILITY AND UTILISING ADDITIONAL USED VEHICLE STOCKING LOANS

* WORKING WITH LANDLORDS REGARDING PAYMENT OF RENTS AND HOPES TO REACH A MUTUALLY BENEFICIAL OUTCOME FOR COVID-19 PERIOD

* IN TALKS WITH BANKS TO ENSURE CONTINUING AVAILABILITY OF PEAK WORKING CAPITAL FACILITIES TOGETHER WITH COVENANT WAIVERS Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below