March 24, 2020 / 9:13 PM / 4 days ago

BRIEF-JOST suspends forecast for fiscal year 2020 due to the effects of the coronavirus

March 24 (Reuters) - JOST Werke AG:

* DGAP-ADHOC: JOST WERKE AG: JOST SUSPENDS FORECAST FOR FISCAL YEAR 2020 DUE TO THE EFFECTS OF THE CORONAVIRUS PANDEMIC AND RETHINKS THE SUITABILITY OF THE DIVIDEND PROPOSAL

* ANNUAL GENERAL MEETING WILL NO LONGER TAKE PLACE ON MAY 7

* IT IS NOT POSSIBLE TO RELIABLY ESTIMATE ECONOMIC IMPACT OF COVID-19 ON JOST

* PRODUCTION SITES IN FRANCE, INDIA, BRAZIL AND SOUTH AFRICA HAD TO BE CLOSED UNTIL FURTHER NOTICE ON INSTRUCTIONS OF LOCAL AUTHORITIES

* MANAGEMENT BOARD AND SUPERVISORY BOARD RESERVE OPTION TO RECONSIDER DIVIDEND PROPOSAL Source text for Eikon: Further company coverage:

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