Brief: Onespaworld Provides Covid-19 Related Business Update

ONESPAWORLD HOLDINGS

24/03/2020 12:33

March 24 (Reuters) - OneSpaWorld Holdings Ltd  OSW.O :
    * ONESPAWORLD PROVIDES COVID-19 RELATED BUSINESS UPDATE
    * ONESPAWORLD HOLDINGS LTD - CRUISE LINE PARTNERS HAVE
VOLUNTARILY
SUSPENDED ALL VOYAGES THROUGH APRIL 30, 2020
    * ONESPAWORLD HOLDINGS - ALL OF OUR U.S & CARIBBEAN-BASED
DESTINATION RESORT SPAS HAVE BEEN TEMPORARILY CLOSED
    * ONESPAWORLD HOLDINGS - DEFERRING ALL NON-ESSENTIAL
EXPENDITURES,
AS APPROVED BY BOARD
    * ONESPAWORLD HOLDINGS LTD -  HAS DEFERRED ITS SCHEDULED
DIVIDEND
PAYMENT
    * ONESPAWORLD HOLDINGS - WITHDRAWN PREVIOUSLY ANNOUNCED
DIVIDEND
PROGRAM PENDING CLARITY ON IMPACT OF COVID-19 PANDEMIC
    * ONESPAWORLD HOLDINGS LTD - CLOSED MAJORITY OF ASIAN BASED
DESTINATION RESORT SPAS
    * ONESPAWORLD HOLDINGS LTD - WITHDRAWN Q1 AND FULL YEAR 2020
GUIDANCE ISSUED ON FEBRUARY 26
    * ONESPAWORLD HOLDINGS LTD - CONTINUES TO EXPECT A
MEANINGFUL
NEGATIVE IMPACT FROM CANCELLED VOYAGES & RESORT SPA CLOSURES
    * ONESPAWORLD HOLDINGS LTD - FURLOUGHED 96% OF U.S. &
CARIBBEAN
BASED DESTINATION RESORT SPA PERSONNEL
    * ONESPAWORLD HOLDINGS LTD - REPATRIATED 25% OF ALL CRUISE
SHIP
PERSONNEL & THEREFORE HAS NO ONGOING EXPENSE RELATED TO THESE
EMPLOYEES

Source text for Eikon:  ID:nBw4zdY1Ba 
Further company coverage:  OSW.O 

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