Abbey PLC COVID-19 Update (4001H)
March 24 2020 - 8:22AM
UK Regulatory
TIDMABBY
RNS Number : 4001H
Abbey PLC
24 March 2020
24 March 2020
Abbey plc ("the Company")
COVID-19 Update
Abbey plc announces an update on recent COVID-19 developments
and the impact on the business.
Recent Government restrictions in all our operating regions, the
UK, Ireland and Czechia are having a very significant impact on our
business.
At this stage it is not possible to estimate the full impact on
our year end performance except to note it will be highly
material.
Trading for the foreseeable future will be very reduced.
Abbey had a good net cash position as of 23 March 2020 however
inevitably cash flow will be stressed and in the circumstances the
dividend declared at the Interim will not now be paid.
Enquires:
Abbey Plc: Davy:
David Dawson Brian Garrahy
Tel: +44 1707 651266 Tel: +353 1 679 6363
24 March 2020
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END
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