March 24, 2020 / 7:38 AM / 10 days ago

BRIEF-SCS Group Temporarily Closes Store, Distribution Network

March 24 (Reuters) - SCS Group PLC:

* HAVE NOW TEMPORARILY CLOSED OUR STORE AND DISTRIBUTION NETWORK

* GROUP DREW DOWN £12M FROM ITS REVOLVING CREDIT FACILITY (RCF) ON 17 MARCH 2020

* REDUCING CASH EXPENDITURE TO PROTECT OUR LIQUIDITY IN SHORT TERM

* GROUP HAS AND WILL CONTINUE TO EVALUATE EXISTING CAPITAL EXPENDITURE PLANS. Source text for Eikon: Further company coverage:

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