Ramsdens Holdings PLC COVID-19 Update (4649H)
March 25 2020 - 2:00AM
UK Regulatory
TIDMRFX
RNS Number : 4649H
Ramsdens Holdings PLC
25 March 2020
Ramsdens Holdings PLC
("Ramsdens" or the "Group")
COVID-19 Update
Ramsdens, the diversified financial services provider and
retailer, has noted the recent announcement by the UK Government
regarding the closure of non-essential stores. As a result,
effective from yesterday, the Group closed all its stores in the UK
until further notice.
As stated in the Group's trading update on 18 March 2020,
Ramsdens has a strong balance sheet, including approximately GBP10m
of cash and an undrawn GBP10m revolving credit facility. The Group
welcomes the support measures for businesses outlined by the UK
Government so far and plans to utilise those measures that are
applicable to the Group. The Group will provide a further update as
and when appropriate.
Peter Kenyon, CEO of Ramsdens, commented:
"The safety and wellbeing of our customers, colleagues and the
wider community remains our top priority and we are doing what is
best by them. We have been following Government guidance throughout
this unprecedented period and, following the most recent Government
instructions, yesterday we closed our shops until further notice.
We look forward to once again opening our doors and serving all the
local communities where we operate. Until that time, our jewellery
website will remain active for our customers to browse our
extensive range of new and second-hand jewellery and luxury brand
watches."
Enquiries:
Ramsdens Holdings PLC Tel: +44 (0) 1642 579957
Peter Kenyon, CEO
Martin Clyburn, CFO
Liberum Capital Limited (Nominated Adviser) Tel: +44 (0) 20 3100 2000
Richard Crawley
Joshua Hughes
Hudson Sandler (Financial PR) Tel: +44 (0) 20 7796 4133
Alex Brennan
Lucy Wollam
About Ramsdens
Ramsdens is a growing, diversified, financial services provider
and retailer, operating in the four core business segments of
foreign currency exchange, pawnbroking loans, precious metals
buying and selling and retailing of second hand and new jewellery.
Ramsdens does not offer unsecured high cost short term credit.
Headquartered in Middlesbrough, the Group operates from 161
stores within the UK (including 4 franchised stores) and has a
growing online presence.
In the last financial year, the Group served over 830,000
customers across its different services. Ramsdens is fully FCA
authorised for its pawnbroking and credit broking activities.
www.ramsdensplc.com
www.ramsdensforcash.co.uk
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END
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