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CTAC - Ctac NV News Story

€4.21 0.0  0.0%

Last Trade - 21/01/22

Sector
Technology
Size
Micro Cap
Market Cap £48.0m
Enterprise Value £56.8m
Revenue £81.1m
Position in Universe 612th / 851

BRIEF-Ctac Gives Update On COVID-19 Outbreak

Tue 24th March, 2020 5:20pm
March 24 (Reuters) - Ctac NV  CTAN.AS :
    * RATHER THAN PAYING OUT A CASH DIVIDEND OF EUR 0.08 PER
SHARE,
PROPOSES TO PAY OUT A STOCK DIVIDEND OF EUR 0.08 PER SHARE TO
ITS SHAREHOLDERS
    * TEMPORARILY SUSPENDS THE DUE DILIGENCE PROCESS FOR THE
PLANNED
ACQUISITION OF OLIVER IT
    * IN RESPONSE TO THE ADDITIONAL MEASURES AIMED AT COMBATTING
THE
COVID-19 VIRUS THAT THE DUTCH GOVERNMENT ANNOUNCED YESTERDAY,
CTAC HAS DECIDED TO POSTPONE THE AGM PLANNED FOR 13 MAY OF THIS
YEAR UNTIL A NEW DATE IN JUNE
    * WE HAVE IDENTIFIED COST-SAVING MEASURES WE CAN ALREADY
TAKE OR
WILL BE ABLE TO TAKE, DEPENDING ON THE DURATION OF THE CURRENT
SITUATION
    * CTAC IS ALSO EXPLORING THE POSSIBILITY OF MAKING USE OF
THE
SUPPORT MEASURES ANNOUNCED BY THE GOVERNMENT
    * IT IS STILL UNCLEAR HOW LONG THIS SITUATION WILL LAST AND
WHAT
IMPACT IT COULD HAVE ON OUR RESULTS - CEO

Further company coverage:  CTAN.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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