March 24, 2020 / 11:43 AM / 8 days ago

BRIEF-Shaftesbury Sees FY EPRA Earnings Significantly Below Current Market Expectations

March 24 (Reuters) - Shaftesbury PLC:

* SHAFTESBURY PLC - COVID-19 UPDATE

* SHAFTESBURY PLC - FULL YEAR EPRA EARNINGS (YEAR ENDING 30 SEPTEMBER 2020) ARE NOW EXPECTED TO BE SIGNIFICANTLY BELOW CURRENT MARKET EXPECTATIONS

* SHAFTESBURY PLC - £150 MILLION HAS BEEN DRAWN AGAINST OUR COMMITTED REVOLVING CREDIT FACILITIES AS PART OF A PRUDENT APPROACH TO CASH MANAGEMENT

* SHAFTESBURY PLC - NO INTERIM DIVIDEND WILL BE DECLARED

* SHAFTESBURY PLC - £150 MILLION HAS BEEN DRAWN AGAINST OUR COMMITTED REVOLVING CREDIT FACILITIES

* SHAFTESBURY PLC - 31 MARCH 2020 VALUATION LIKELY TO INCLUDE A STATEMENT FROM INDEPENDENT VALUERS HIGHLIGHTING MATERIAL UNCERTAINTY

* SHAFTESBURY PLC - FOR NOW, FINANCIAL COVENANTS IN OUR DEBT ARRANGEMENTS ARE CURRENTLY WELL-COVERED

* SHAFTESBURY PLC - DIVIDEND POSITION FOR FULL YEAR WILL BE KEPT UNDER REVIEW

* SHAFTESBURY - SUPPORTING CO’S COMMERCIAL OCCUPIERS WITH SOLUTIONS, INCLUDING RENT DEFERRAL Source text for Eikon: Further company coverage:

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