REG - Network Intnl Hldgs - Statement on Jordan COVID-19 measures

Network International HoldingsAnnouncement

18/03/2020 07:00

RNS Number : 5869G
  
Network International Holdings PLC
  
18 March 2020
  
 

Network International Holdings Plc
 
Statement on Government of Jordan COVID-19 measures
 
 
Network International Holdings Plc (LSE: NETW) (the "Company"), the leading enabler of digital commerce across the Middle East and Africa (MEA), notes that on 17 March the Government of Jordan published an announcement which set out new measures it will take in response to the COVID-19 outbreak. 
 
The measures, to be implemented from 18 March, for a period of two weeks, include a suspension of working hours for all public and private sector employees, except for those in certain vital roles, which includes Network International as the operator of the local payment switch; the prevention of gatherings of more than 10 people; and the suspension of mass transportation. The Jordanian Government has also asked people to self-isolate in their homes, except for serious or urgent cases of COVID-19 infection.
Jordan is Network International's second largest market, contributing 9 percent of revenue in 2019 and one of two markets where we are a direct merchant acquirer. Network International is not able to currently assess the extent to which these measures will impact its trading and financial performance in Jordan. The Company will continue to closely monitor the situation and provide further updates when appropriate.
 
Investor Relations enquiries
Network International                                                                         InvestorRelations@Network.Global
Amie Gramlick, Head of Investor Relations                                                                            
Media enquiries
Finsbury                                                                                                               Network-Lon@Finsbury.com
Andy Parnis, Rob Allen                                                                                      
 
 


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