March 12, 2020 / 7:20 AM / 19 days ago

BRIEF-Berkeley Says On Track To Meet Expectations For FY

March 12 (Reuters) - Berkeley Group Holdings PLC:

* BERKELEY - ON TRACK TO MEET MARKET EXPECTATIONS FOR YEAR ENDING 30 APRIL 2020

* BERKELEY - ON TRACK TO DELIVER LONG TERM PRE-TAX PROFIT TARGET OF £3.3 BILLION IN SIX YEARS ENDING 30 APRIL 2025

* BERKELEY - ON TRACK TO MEET MARKET EXPECTATIONS FOR YEAR ENDING 30 APRIL 2020

* BERKELEY - TO POSTPONE INCREASE IN SHAREHOLDER RETURNS THAT WAS SCHEDULED TO BE MADE VIA A B AND C SHARE SCHEME

* BERKELEY - INCREASE IN SHAREHOLDER RETURNS TO BE POSTPONED UNTIL THERE IS GREATER CLARITY OF OPERATIONAL IMPACT OF CORONAVIRUS ON UK ECONOMIC ACTIVITY

* BERKELEY - BERKELEY HAS NET CASH OF IN EXCESS OF £1.0 BILLION AT DATE OF MARCH 12 Source text for Eikon: Further company coverage:

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