March 24, 2020 / 2:38 PM / in 9 days

BRIEF-Aggreko To Start Talks With Tokyo 2020 Olympic Committee After Postponement

March 24 (Reuters) - Aggreko PLC:

* AGGREKO PLC - TOKYO 2020 OLYMPICS UPDATE

* AGGREKO PLC - CONSIDERED A RANGE OF SCENARIOS TO STRESS-TEST GROUP’S LIQUIDITY POSITION THROUGH TO END OF THIS YEAR

* AGGREKO PLC - AT THIS POINT, WE HAVE RECEIVED $98 MILLION IN MILESTONE PAYMENTS UNDER CONTRACT

* AGGREKO PLC - SCENARIOS INCLUDES SITUATION IN WHICH GAMES DO NOT TAKE PLACE THIS YEAR

* AGGREKO - EVEN IN WORST CASE SCENARIO, WITH MITIGATING ACTIONS, EXPECTS TO REMAIN WITHIN FINANCIAL COVENANTS

* AGGREKO - WILL NOW ENTER DETAILED DISCUSSIONS WITH TOCOG REGARDING ROLE IN SUPPORTING GAMES TO A LATER TIMETABLE

* AGGREKO PLC - COMMERCIAL TERMS AND OPERATIONAL IMPACT SURROUNDING POSTPONEMENT WILL NEED TO BE WORKED THROUGH IN DETAIL WITH TOCOG 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