Brief: JOST suspends forecast for fiscal year 2020 due to the effects of the coronavirus
24/03/2020 21:12
March 24 (Reuters) - JOST Werke AG JSTG.DE :
* DGAP-ADHOC: JOST WERKE AG: JOST SUSPENDS FORECAST FOR
FISCAL
YEAR 2020 DUE TO THE EFFECTS OF THE CORONAVIRUS PANDEMIC AND
RETHINKS THE SUITABILITY OF THE DIVIDEND PROPOSAL
* ANNUAL GENERAL MEETING WILL NO LONGER TAKE PLACE ON MAY 7
* IT IS NOT POSSIBLE TO RELIABLY ESTIMATE ECONOMIC IMPACT OF
COVID-19 ON JOST
* PRODUCTION SITES IN FRANCE, INDIA, BRAZIL AND SOUTH AFRICA
HAD
TO BE CLOSED UNTIL FURTHER NOTICE ON INSTRUCTIONS OF LOCAL
AUTHORITIES
* MANAGEMENT BOARD AND SUPERVISORY BOARD RESERVE OPTION TO
RECONSIDER DIVIDEND PROPOSAL
Source text for Eikon: ID:nEQ70CGzqa
Further company coverage: JSTG.DE
((Reuters.Briefs@thomsonreuters.com;))