March 25, 2020 / 8:24 AM / 13 days ago

BRIEF-Pennant International Sees Delay In Contract Awards Due To COVID-19

March 25 (Reuters) - Pennant International Group PLC :

* COVID-19 UPDATE

* FIRST IS CHALLENGE OF HOLDING REVIEW EVENTS WITH CUSTOMERS

* IF REVIEW CANNOT BE HELD DUE TO COVID-19 RESTRICTIONS, CASH AND REVENUE ASSOCIATED WITH COMPLETION OF MILESTONE MAY BE DELAYED

* EXPECTED CONTRACT AWARDS ARE CONSEQUENTLY DELAYED UNTIL PANDEMIC HAS ABATED

* HAVE ALREADY UTILISED UK GOVERNMENT’S CORONAVIRUS JOB RETENTION SCHEME

* ALSO INVESTIGATING OTHER POTENTIAL FINANCIAL OPTIONS, INCLUDING CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME

* PROVIDING FORWARD GUIDANCE IS EXTREMELY DIFFICULT BUT BOARD WILL BE KEEPING SITUATION UNDER VERY CLOSE REVIEW

* INTENDS TO ANNOUNCE PRELIMINARY RESULTS FOR YEAR ENDED 31 DECEMBER 2019 ON MONDAY 20 APRIL Source text for Eikon: Further company coverage:

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