April 2 (Reuters) -
* SAGA PLC - UNAUDITED TRADING UPDATE (INC. IMPACT OF COVID-19)
* SAGA PLC - FY UNDERLYING PROFIT BEFORE TAX EXPECTED TO BE £110M, IN LINE WITH TARGET RANGE OF £105M TO £120M
* SAGA PLC - FY DEBT RATIO (EXCLUDING CRUISE) OF 2.4X, WITH £109M OF SHORT TERM NET BANK DEBT
* SAGA PLC - DIVIDEND TO BE SUSPENDED
* SAGA - CONSIDERED SCENARIOS FOR EXTENDED SUSPENSION OF CRUISE AND TOUR OPERATIONS, INCLUDING FULL CANCELLATION OF ALL TRAVEL DEPARTURES OVER 6 MONTHS
* SAGA PLC - A PRECAUTIONARY £50M DRAW DOWN OF REVOLVING CREDIT FACILITY, WITH AVAILABLE CASH RESOURCES AT END OF MARCH OF £92M
* SAGA PLC - REDUCING OPERATING EXPENSES, WITH RUN RATE COST SAVINGS OF £15M FROM ACTIONS THAT WERE IMPLEMENTED IN FEBRUARY
* SAGA PLC - FURTHER MITIGATING ACTIONS ARE UNDERWAY IN RESPONSE TO COVID-19 CRISIS IN RELATION TO TRAVEL BUSINESS
* SAGA PLC - AGREEING AMENDMENTS TO BANKING COVENANTS
* SAGA PLC - SAGA INSURANCE REMAINS LARGELY UNAFFECTED BY COVID-19
* SAGA PLC - TRAVEL BUSINESS HAS BEEN SIGNIFICANTLY IMPACTED BY COVID-19
* SAGA PLC - WORKED WITH OUR BANKS TO AGREE TEMPORARY AMENDMENTS TO OUR DEBT COVENANTS
* SAGA PLC - FINAL RESULTS FOR 2019/20 WILL INCLUDE AN IMPAIRMENT OF £370M
* SAGA PLC - NOT RECOMMENDING PAYMENT OF A FINAL DIVIDEND FOR 2019/20 FINANCIAL YEAR
* SAGA PLC - GIVEN UNCERTAIN IMPACT FROM COVID-19 GROUP IS NOT ABLE TO PROVIDE ANY EARNINGS GUIDANCE FOR 2020/21 FINANCIAL YEAR Source text for Eikon: Further company coverage: [ ]
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