March 19, 2020 / 7:53 AM / 14 days ago

BRIEF-Crest Nicholson Cancels Dividend, Draws Down Credit

March 19 (Reuters) - Crest Nicholson Holdings PLC:

* CREST NICHOLSON HOLDINGS PLC - GOVERNMENT GUIDANCE ON COVID-19 TO HAVE A SIGNIFICANT IMPACT ON VISITOR LEVELS OVER AN UNCLEAR TIMELINE

* CREST NICHOLSON HOLDINGS PLC - TO CANCEL ITS FINAL DIVIDEND OF 21.8 PENCE PER SHARE, OTHERWISE PAYABLE ON 9 APRIL 2020

* CREST NICHOLSON HOLDINGS PLC - SUSPENDING ALL EXISTING FINANCIAL GUIDANCE UNTIL BOTH SEVERITY AND DURATION OF COVID-19 IMPACT BECOMES CLEARER.

* CREST NICHOLSON HOLDINGS PLC - MADE ARRANGEMENTS TO FULLY DRAW ITS £250M REVOLVING CREDIT FACILITY, RESULTING IN AVAILABLE CASH OF £185M. Source text for Eikon: Further company coverage:

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