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B90 - B90 Holdings News Story

4.75p 0.0  0.0%

Last Trade - 17/03/20

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £3.97m
Position in Universe th / 1816

BRIEF-B90 Holdings PLC Says Co's Rev In Upcoming Weeks Will be Significantly Lower Due to COVID-19

Tue 17th March, 2020 3:06pm
March 17 (Reuters) - B90 Holdings PLC  B90.L :
    * FINANCIAL POSITION AND SUSPENSION OF TRADING
    * DIRECTORS ARE MANAGING CASH RESOURCES CAREFULLY AND REMAIN
RELIANT ON MANAGEMENT OF GROUP'S CREDITORS
    * COMPANY'S REVENUES FOR UPCOMING WEEKS WILL BE
SIGNIFICANTLY
LOWER THAN BOARD'S EXPECTATIONS DUE TO COVID-19
    * IF TRADING WAS NOT BE IN LINE WITH BOARD'S EXPECTATIONS,
CO'S
ABILITY TO CONTINUE AS A GOING CONCERN WOULD BE MATERIALLY
IMPACTED
    * MAIN EVENTS ON WHICH GROUP'S CUSTOMERS ARE FOCUSED ARE
CURRENTLY
NOT EXPECTED TO RESTART BEFORE 7 APRIL 2020
    * B90 HOLDINGS PLC - ANY FURTHER DELAY IN RESTART OF
SPORTING
EVENTS WILL FURTHER IMPACT GROUP'S REVENUES.
    * FACING DIFFICULTIES IN BEING ABLE TO CONCLUDE DISCUSSIONS
ON
RAISING ADDITIONAL FUNDS DUE TO COVID-19
    * GROUP CURRENTLY ONLY HAS SUFFICIENT CASH RESOURCES
AVAILABLE TO
IT TO OPERATE BUSINESS FOR NEXT 3 TO 4 WEEKS

Source text for Eikon:  ID:nRSQ4951Ga 
Further company coverage:  B90.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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