March 26, 2020 / 1:00 PM / 6 days ago

BRIEF-MPAC Group Sees Lower Order Intake Due To COVID-19

March 26 (Reuters) - MPAC Group PLC:

* COVID-19, TRADING UPDATE AND AGM

* ANTICIPATES THAT ORDER INTAKE WILL BE LOWER THAN EXPECTED DUE TO REDUCED DEMAND

* IN IMMEDIATE TERM WE ARE SCRUTINISING DISCRETIONARY SPEND AND INVESTMENT PLANS

* ALSO EVALUATING GOVERNMENT SUPPORT MEASURES AVAILABLE IN JURISDICTIONS IN WHICH WE OPERATE

* EXPECT TO HAVE SUFFICIENT LIQUIDITY FROM EXISTING RESOURCES TO MEET OUR NEEDS THROUGHOUT 2020

* TAKEN PRUDENT DECISION TO NO LONGER RECOMMEND FINAL DIVIDEND FOR YEAR ENDING 31 DECEMBER 2019, Source text for Eikon: Further company coverage:

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