Brief: Ceiba Investments Says In First Two Months Yr No Material Covid-19 Impact On Ops

Ceiba Investments

03/04/2020 08:00

April 3 (Reuters) - Ceiba Investments Ltd  CBACE.L :
    * CEIBA INVESTMENTS - IN FIRST TWO MONTHS OF CURRENT FINANCIAL YEAR THERE
WAS NO
MATERIAL COVID-19 IMPACT ON ITS OPERATIONS, TRADING, INVESTMENTS
    * CEIBA INVESTMENTS LTD - AS OF MARCH 2020 HOTEL RESERVATIONS FOR YEAR
STARTED TO
BE AFFECTED BY CANCELLATIONS AND DECREASING FLIGHTS TO CUBA
    * CEIBA INVESTMENTS LTD - TO RESTRICT DISCRETIONARY SPENDING AND
NON-COMMITTED
CAPITAL EXPENDITURE IN MIRAMAR AND MONTE BARRETO
    * CEIBA INVESTMENTS LTD - TO ENTER INTO DISCUSSIONS WITH THIRD PARTIES AND
SHAREHOLDERS IN ORDER TO OBTAIN A CREDIT FACILITY OF UP TO EUR 15 MILLION
    * CEIBA INVESTMENTS LTD - NECESSARY TO CHANGE COMPANY'S DIVIDEND POLICY AND
NOT TO
DECLARE A YEAR-END DIVIDEND IN RESPECT OF 2019 FINANCIAL YEAR
    * CEIBA INVESTMENTS LTD - ALL PREVIOUS GUIDANCE ON COMPANY'S FUTURE
PERFORMANCE IS
BEING WITHDRAWN

Source text for Eikon:  ID:nRSC6608Ia 
Further company coverage:  CBACE.L 

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